DLA Piper has advised Optima Bank on the establishment of its EUR 500 million Euro Medium Term Note Program and the inaugural issuance of EUR 150 million Tier 2 Reset Notes due 2035.
Optima Bank is a Greek financial institution. According to DLA Piper, the notes, listed on the Luxembourg Stock Exchange and traded on its Euro MTF market, carry a fixed 5.5% coupon, a 10.25-year tenor, and an optional redemption after 5.25 years. The issuance attracted significant investor interest and was oversubscribed 11 times. Proceeds from the issuance will bolster Optima Bank’s capital base, enhance liquidity, and support investment and development financing projects.
The DLA Piper team included lawyers in Brussels and London.
DLA Piper did not respond to our inquiry on the matter.
