Eurobank eyes bond sale
- Written by E.Tsiliopoulos
Eurobank, Greece's third-largest bank by assets, announced it had hired five investment banks to arrange a possible bond sale.
"Eurobank has mandated Credit Suisse, HSBC, JP Morgan, Mediobanca and Nomura to arrange a series of fixed-income investor meetings in Europe starting from June 16," the bank said in a statement.
"A euro-denominated senior unsecured transaction may follow, subject to market conditions," the bank added.
The Greek lender is planning to meet investors in London on June 16 and 17, before visiting Paris and Milan on Wednesday.
It's the latest step in the Greek banks steps ahead of the upcoming ECB crash tests, which will be evaluating their status and potential need for recapitalization.
