ECONOMY

Eurobank gets orders for 2.6 bln euros in share issue, officials say

Eurobank gets orders for 2.6 bln euros in share issue, officials say

Greek lender Eurobank's share offering to fill a capital shortfall revealed in a European Central Bank health check was oversubscribed with orders reaching 2.6 billion euros ($2.77 billion), two officials at the bank told Reuters.

Greece's third-largest lender was looking to raise up to 2.04 billion euros from investors.

"Orders from domestic investors reached about 300 million euros," one of the bankers said, declining to be named.

Details are expected to be announced later on Wednesday. [Reuters]

Banking Economy Finance
READ MORE
Eurobank, Alpha plug capital gap as Greece gets bailout deal
ECONOMY

Eurobank, Alpha plug capital gap as Greece gets bailout deal

World Bank’s IFC to pump up to 300 mln euros in Greek banks’ recap
ECONOMY

World Bank’s IFC to pump up to 300 mln euros in Greek banks’ recap

Greece says it is close to deal with lenders over bad bank loans
ECONOMY

Greece says it is close to deal with lenders over bad bank loans

ECB watchdog urges prompt Greek bank fix before stricter rules in 2016
ECONOMY

ECB watchdog urges prompt Greek bank fix before stricter rules in 2016

Greek government presents bank recap bill as ECB test looms
ECONOMY

Greek government presents bank recap bill as ECB test looms

Greek bank recapitalization needs seen at less than 20 bln euros, say bankers
ECONOMY

Greek bank recapitalization needs seen at less than 20 bln euros, say bankers

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.