Eurobank and Bank of Cyprus raise over €1 bn through bond and share offerings

Eurobank completed a €700 million senior preferred bond issuance with a 3.875% coupon, maturing on 25 May 2032 and callable on 25 May 2031. The bond was oversubscribed nearly 3.9 times, attracting €2.7 billion in orders from more than 90 investors, 91% of whom were foreign, primarily from the UK, Ireland, Germany, Austria, Switzerland, Belgium, the Netherlands, Luxembourg and France. Proceeds will support Eurobank’s MREL requirements and general corporate purposes.

Bank of Cyprus commenced trading of 276,274 new ordinary shares (nominal €0.10) on 20 May 2026 on Euronext Athens and the Cyprus Stock Exchange. The shares were issued to senior management under the bank’s long‑ and short‑term incentive plans and carry the same rights as existing fully paid‑up shares. The issuance expands the bank’s capital base to €435.96 million in ordinary shares.

Both transactions illustrate ongoing capital‑raising efforts by major Greek‑Cypriot banks to strengthen balance sheets and meet regulatory standards.