On 12 November 2024, the EBRD invested EUR 8 million in benchmark EUR 650 million green senior preferred issuance by National Bank of Greece ("NBG"). The bonds mature in 6 years, with a call option commencing in 5 years and are listed on the Luxemburg Stock Exchange. It follows EBRD's previous investments of (i) EUR 16.3 million in a benchmark EUR 500 million Tier 2 bonds issuance in March 2024 with 11.25 years maturity (call option in 6.25 years), listed on the Luxembourg stock exchange, (ii) EUR 40 million in a benchmark EUR 500 million senior preferred issuance by NBG in November 2022 with a maturity of 5 years (call option on the fourth year) and listed on the Luxembourg Stock Exchange, and (iii) EUR 50 million in a benchmark EUR 500 million issuance of senior preferred green bonds in October 2020 with 6-year maturity (call option on the fifth year) and listed on the Luxembourg stock exchange. The Project supports the resilience and regulatory compliance of a systemic bank in Greece and contributes to the capital market development by supporting the issuance of new instruments by Greek banks. In addition, the Project supports EBRD's Green Economy Transition ("GET") objectives in Greece through (i) investments in Green Bonds, (ii) as well as NBG allocating 1.5x EBRD's investment in bonds that are not issued in the Green or Sustainability Bond format to finance GET eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51896