REG - ERB Hellas Funding Eurobank Ergasias - Payment of Dividend Series B Tier 1 <Origin Href="QuoteRef">EURBr.AT</Origin>

Eurobank Ergasias Services and Holdings SAAnnouncement

29/01/2018 14:35

RNS Number : 2346D
ERB Hellas Funding Limited
29 January 2018
On 17 January 2018, Eurobank Ergasias SA (the "Bank") redeemed 345,500,000 non-transferable, non-voting, redeemable preference shares previously issued to the Greek state. In consideration for such redemption, and in accordance with paragraph 1a of Law 3723/2008, the Bank (i) delivered 125,000 to the Greek state in cash and (ii) issued 950,000,000 6.41 per cent. Tier 2 Subordinated Instruments due 2028 to the Greek State. As a consequence of such transaction, ERB Hellas Funding Limited hereby announces that, in accordance with, but subject as provided in, the terms of its 400,000,000 Series B Fixed to Floating Rate Non-cumulative Guaranteed Non-voting Preferred Securities (ISIN: XS0232848399) having the benefit of a subordinated guarantee from Eurobank Ergasias S.A. (the "Preferred Securities"), it will be required to declare and make payment of the full amount of the Preferred Dividends (as defined in the Prospectus dated 31 October 2005 relating to the Preferred Securities (the "Prospectus")) payable on the next Preferred Dividend Payment Date (as defined in the Prospectus) following 17 January 2018.
For further information you may contact investor_relations@eurobank.gr.

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