Cyprus Business Now: Eurobank bond, startup fund, maritime sector, AI taskforce

Eurobank Holdings has successfully completed the issuance of Tier 2 subordinated bonds worth €400 million, attracting robust demand that reached €2 billion, according to an announcement released on Wednesday.

Alongside the bond issue, the bank has announced an exchange offer for Hellenic Bank’s Tier 2 bonds, valued at €200 million with a 10.25 per cent coupon, as part of its strategy to optimise its capital base.

Regarding the €400 million