The Hellenic Financial Stability Fund (HFSF or Fund) announces that following the repayment of € 2bio of Contingent Convertible Bonds (CoCos) from National Bank of Greece (NBG), the Fund transferred these funds to the Hellenic Republic.
On December 9th, 2015 the Fund provided capital support to NBG through its participation in
the bank’s share capital increase and the underwriting of € 2bio of Contingent Convertible
Bonds (CoCos) aiming to support the bank’s restructuring initiatives.
The positive developments in the implementation by the bank of its restructuring plan
during 2016 led to a successful repayment of the financial assistance provided by the fund,
which ultimately contributed to the overall reduction of the Hellenic Republic’s public debt.