BUSINESS

EIB signs Greek SME funding deal with National

TAGS: Finance

The European Investment Bank and National Bank of Greece have signed a funding agreement up to 200 million euros aimed at financing small and medium-sized enterprises, forming part of the so-called Juncker funding package.

The funding is supplied through the private placement of covered NBG bonds.

On Monday National will issue new fixed-rate, five-year covered bonds of 200 million euros, with an annual coupon of 1.85 percent.

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