Eurobank Returns To The Markets with €400 Million Bond Issue

by THEFUTURE.TEAM

January 21, 2025

Eurobank marked its first market outing in 2025 with the launch of a €400 million bond issue, aiming to strengthen its financial position and reinforce investor confidence.

Details Of The Bond Issue

The bond is a Tier 2 instrument with a 10-year maturity and an option for early redemption after 5 years. The bid book opened this morning, with initial pricing considerations (IPT) positioning the yield in the mid-swap range of +220 to +250 basis points—equating to a yield of approximately 4.67% to 4.72%.

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The bond is set to receive credit ratings of Ba2 from Moody’s and BB- from Fitch, reflecting the bank’s solid standing in the financial sector despite the challenging economic environment.

Strategic Exchange Offer

In conjunction with the bond issuance, Eurobank has initiated a separate transaction, offering to exchange €200 million of Hellenic Bank’s Tier 2 bonds for Tier 2 securities of its own issuance. This move is expected to consolidate its capital structure and streamline its liabilities.

Market Outlook And Implications

The issuance demonstrates Eurobank’s proactive approach to tapping the capital markets and optimizing its funding profile. By issuing Tier 2 bonds, the bank aims to bolster its regulatory capital, aligning with European banking standards and ensuring long-term resilience.

The exchange offer with Hellenic Bank underscores the importance of collaboration within the sector, allowing for greater stability and adaptability in a rapidly evolving financial landscape.

As the Eurobank continues its strategic initiatives, this bond issuance signals robust investor interest and confidence in the bank’s growth trajectory for 2025 and beyond.

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Only 1% Of Cyprus Farms Use Precision Farming Technologies

by THEFUTURE.TEAM

July 24, 2026

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

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Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.

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