MARFIN EGNATIA BANK S.A. - Irish Stock Exchange

GENERAL DESCRIPTION OF THE PROGRAMME
The following overview does not purport to be complete and is taken from, and is qualified in its entirety
by, the remainder of this Base Prospectus and, in relation to the Terms and Conditions of any particular
Series or Tranche of Covered Bonds, the applicable Final Terms. The Issuer and any relevant Dealer
may agree that Covered Bonds shall be issued in a form other than that contemplated in the Conditions,
in which event, if appropriate, a supplement to the Base Prospectus will be published.
PRINCIPAL FEATURES OF THE COVERED BONDS
Description:
Programme Amount:
Issuance in Series:
Conditions Precedent to
the Issuance of a new
Series or Tranche of
Covered Bonds:
Final Terms:
Proceeds of the Issue of
Covered Bonds:
Form of Covered Bonds:
Issue Dates:
Issue Price:
Specified Currency:
Marfin Egnatia Bank S.A. €3,000,000,000 Residential Mortgage Loans
Covered Bond Programme.
Up to €3,000,000,000 (or its equivalent in other currencies determined as
described in the Dealer Agreement) outstanding at any time. The Issuer
may increase the amount of the Programme in accordance with the terms
of the Dealer Agreement.
Covered Bonds will be issued in Series each subject to the terms set out in
the relevant Final Terms. Save in respect of the first issue, Covered
Bonds issued under the Programme will either be fungible with an
existing Series of Covered Bonds or have different terms (in which case
they will constitute a new Series). The Issuer may issue Covered Bonds
without the prior consent of the holders of any outstanding Covered Bonds
but subject to certain conditions.
It is a condition precedent to the issuance of a new Series or Tranche of
Covered Bonds that (i) there is no Issuer Event which is continuing and
that such issuance would not cause an Issuer Event, (ii) the Statutory Tests
are satisfied and that such issuance would not cause a breach of the
Statutory Tests, (iii) the Rating Agencies have confirmed the then current
rating of all Covered Bonds outstanding under the Programme and that the
ratings of such Covered Bonds will not be adversely affected or
withdrawn as a result of such issuance, (iv) such issuance has been
approved by the Bank of Greece in accordance with paragraph II.3 of the
Secondary Covered Bond Legislation and (v) if applicable, in respect of
any Series or Tranche, a Hedging Agreement is entered into.
Final Terms will be issued and published for each Series or Tranche
detailing certain provisions which, for the purposes of that Series only,
supplements and/or amends the Conditions and the Base Prospectus and
must be read in conjunction with the Conditions and the Base Prospectus.
The gross proceeds from each issue of Covered Bonds will be used by the
Issuer to fund its general corporate purposes.
The Covered Bonds will be issued in bearer or registered form. Registered
Covered Bonds will not be exchangeable for bearer Covered Bonds and
bearer Covered Bonds will not be exchangeable for registered Covered
Bonds.
The date of issue of a Series or Tranche as specified in the relevant Final
Terms (each, the "Issue Date" in relation to such Series or Tranche).
Covered Bonds of each Series may be issued at par or at a premium or
discount to par on a fully paid basis or partly paid basis (in each case, the
"Issue Price" for such Series or Tranche) as specified in the relevant Final
Terms in respect of such Series.
Subject to any applicable legal or regulatory restrictions, the currency or
currencies which a Series is denominated in, as may be agreed from time
to time by the Issuer and the relevant Dealer(s) (as set out in the
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