Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall

EconomyBanking Tags: Banking, Eurobank
Photo by MacroPolis
Photo by MacroPolis

Eurobank became on Thursday the third Greek bank to announce a Liability Management Exercise (LME) involving a voluntary exchange offer for a total nominal value of 877 million euros in outstanding bank bonds.

According to Reuters, total capital needs are seen at around 14 billion, while the amount that has to be raised from capital increases is seen close to 4.5 billion.

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