National Bank of Greece announced that it is exercising its call option over all outstanding senior-ranking notes (Fixed Rate Resettable Unsubordinated MREL Notes), issued on 22 November 2022 under its €5bn Global Medium Term Note Programme
In detail, National Bank of Greece S.A. (the Issuer) announces to investors, in accordance with Regulation 596/2014 on market abuse (MAR) and Greek Law 3556/2007, that it has exercised its call option in respect of all outstanding senior-ranking notes (Fixed Rate Resettable Unsubordinated MREL Notes) with an aggregate principal amount of €500,000,000 and due on 22 November 2027 (XS2558592932) (the Notes), issued on 22 November 2022 under the Issuer’s €5,000,000,000 Global Medium Term Note Programme (the Programme). The Notes will be redeemed at par as provided for in Condition 10.3 of the Notes. Accrued but unpaid interest will be paid in accordance with the Terms of the Notes.
The current outstanding principal amount of the Notes is €284,835,000.
In accordance with Condition 10.12, the Issuer has ensured compliance with the terms set out in the Minimum Requirement for Own Funds and Eligible Liabilities (MREL Requirements), as defined in the Terms, in order to redeem the Notes, before exercising its call option.