DLA Piper Advises Optima Bank on €500M EMTN Programme and Breakout Bond Issuance.
DLA Piper has advised Optima Bank, one of Greece’s most dynamic financial institutions, on the launch of a €500 million Euro Medium Term Note (EMTN) Programme and its debut issuance of €150 million in Tier 2 Reset Notes due 2035.
Investor interest in the transaction far exceeded expectations. The offering was oversubscribed 11 times, making it the most in-demand European bank bond so far this year.
The Notes come with a fixed annual coupon of 5.5%, mature in just over ten years, and feature an early redemption option after five and a quarter years. They’re listed on the Luxembourg Stock Exchange’s Official List and are being traded on its Euro MTF market.
The funds raised will boost Optima Bank’s Tier 2 capital, while also supporting liquidity, growth, and investment across its lending and development efforts in Greece.
Orestis Omran commented: “The establishment of Optima’s EMTN programme and issuance of the Notes thereunder will further strengthen Optima’s leading position in the Greek banking sector. The successful completion of this issuance highlights our experience and knowledge of the Greek financial services market and our strength in cross-border debt capital market transactions.”
DLA Piper’s cross-border team advising on the deal was led by Orestis Omran (Litigation & Regulatory, Brussels, and Head of the firm’s Greece Country Group) and Louise Hennessey (Finance, London).
They were supported by Ioanna Saranti (Senior Associate, Finance, London), Michail Risvas (Senior Lead Lawyer, Brussels), and Elina Bitzika (Lawyer, Brussels), all from the firm’s Litigation & Regulatory group.
Optima Bank is a dynamic Greek financial institution offering a full range of retail and corporate banking services. Launched in 2019 from the transformation of Investment Bank of Greece, it blends cutting-edge digital tools with personalized customer service. With a strong capital base and a growing branch network, Optima Bank is committed to supporting individuals, businesses, and the broader Greek economy through transparent, efficient, and growth-focused banking.
DLA Piper is a global law firm with a strong reputation for providing legal services across a broad spectrum of industries and sectors. With offices in more than 40 countries, the firm offers comprehensive legal solutions in areas such as corporate law, litigation, intellectual property, real estate, and regulatory matters. DLA Piper serves a diverse range of clients, including multinational corporations, governments, and individuals, delivering innovative and strategic advice. The firm is known for its collaborative approach, providing tailored legal expertise to address complex, cross-border issues while maintaining a commitment to exceptional client service.
More Articles from Lawyer Monthly