Jan 2018
Bernitsas Law advised Eurobank Ergasias (ERB) in connection with the redemption of the €950,125,000 nominal value preference shares it had issued to the Hellenic Republic under the Greek State bank liquidity support programme in consideration for cash and €900,000,000 principal amount of subordinated notes, qualified as Tier 2 capital instruments under the Capital Requirements Regulation (CRR), aimed at preserving the capital base of ERB in light of the disqualification of its preference shares as part of its regulatory capital as of 1 January 2018.
Eurobank is one of Greece’s four systemic banks and listed on the Athens Exchange.
The Bernitsas Law team was led by Nikos Papachristopoulos.
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