National Bank announced that it has successfully completed the placement senior bond in the international marketsamounting to 650 million euros, with a yield of 3.5%. The six-year bond, callable at five years, marks the first bond issuance since National Bank regained investment grade status.

The transaction as announced attracted significant interest from investors, garnering bids of around 4 billion. euro from more than 200 investorsexceeding by more than 6 times the amount of the issue.

The final yield of 3.5% corresponds to a margin of approximately 130 bp. above the corresponding mid-swap which is the lowest margin ever achieved in a senior bond issue by a Greek bank.

Over 90% of the bonds were allocated to international institutional investors with over 90% to asset managers, insurance companies, pension funds, banks and bank treasuries.

This bond represents the second issue of a Green Bond by the National Bank, raising the proportion of green bonds to 45% of the bank’s total senior bonds. The proceeds of the issue will be used to finance or refinance a portfolio of Green Projects in accordance with National’s Sustainable Bond Framework, reinforcing the bank’s commitment to sustainability and its leadership in financing renewable energy projects.

This transaction covers the final target of minimum requirements for own funds and eligible liabilities (Minimum Requirement for own funds and Eligible Liabilities, hereinafter MREL) and reflects the strong confidence of investors both in the financial strength of the National Bank and in the prospects of the Greek economy..