HB: Issue Bonds 2019 of €90m
12/3/2009 9:29
Hellenic Bank Public Company Ltd announces that it has proceeded with the issue of Bonds 2019 of €90,000,000 of nominal value €100 each. The issue was disposed to investors with a minimum sum of investment of €50,000, pursuant to the provisions of the Law, Regulations and Directives of the competent authorities.
The Bonds were issued on March 11, 2009 and have 10-year duration. Their interest will be payable on a three-month basis and will be paid cash at the end of each period. The first payment will cover the period from March 11, 2009 to June 30, 2009. The Bonds bear a stable rate for the first year equal to 7.5% and a floating rate for the remaining periods until the end of the fifth year equal to the 3-month Euribor that will be valid at the beginning of each period plus 4.60%.
After March 11, 2014, the Bonds 2019, if they have not been acquired by the Bank, will bear an additional rate of 2%. As a result, the interest rate after March 11, 2014 – if the Bonds 2019 have not been acquired by the bank – will be equal to the 3-month Euribor plus 6.60%.
Following the Central Bank’s approval and a warning not less than 30 and not more than 60 days to the Commissioner and the Bond Holders 2019, the Bank will be able to acquire the Bonds 2019 on the first Date of Interest Payment after March 11, 2014 and any other Date of Interest Payment after that date.
The Bonds 2019 will be listed in the CSE as soon as the necessary approval by the competent authorities is secured. Hellenic Bank Public Company Ltd intends to submit a Prospectus to the Securities and Exchange Commission and an application to the CSE for the listing of Bonds 2019.
The Bonds were issued on March 11, 2009 and have 10-year duration. Their interest will be payable on a three-month basis and will be paid cash at the end of each period. The first payment will cover the period from March 11, 2009 to June 30, 2009. The Bonds bear a stable rate for the first year equal to 7.5% and a floating rate for the remaining periods until the end of the fifth year equal to the 3-month Euribor that will be valid at the beginning of each period plus 4.60%.
After March 11, 2014, the Bonds 2019, if they have not been acquired by the Bank, will bear an additional rate of 2%. As a result, the interest rate after March 11, 2014 – if the Bonds 2019 have not been acquired by the bank – will be equal to the 3-month Euribor plus 6.60%.
Following the Central Bank’s approval and a warning not less than 30 and not more than 60 days to the Commissioner and the Bond Holders 2019, the Bank will be able to acquire the Bonds 2019 on the first Date of Interest Payment after March 11, 2014 and any other Date of Interest Payment after that date.
The Bonds 2019 will be listed in the CSE as soon as the necessary approval by the competent authorities is secured. Hellenic Bank Public Company Ltd intends to submit a Prospectus to the Securities and Exchange Commission and an application to the CSE for the listing of Bonds 2019.
