Acted as Greek legal counsel to NBG for the first Greek covered bond transaction since 2009 and the first market transaction for a Greek bank since 2014, having issued a 3-year €750 million conditional pass through covered bond at 2.90% yield under its €15 billion Covered Bond Programme II. The covered bond attracted a diverse pool of interest amounting to around €2bn from more than 110 institutional investors. The vast majority of interest came from international investors (85%). It is noted that DVLaw has acted as Greek legal counsel in connection with the establishment by National Bank of Greece S.A. of its €10 billion residential mortgage Covered Bond Programme I in 2008 and its €15 billion residential mortgage Covered Bond Programme II in 2010 and since then is acting as NBG’s legal counsel in all transactions relating thereto (cover pool management, issuance of all series, programmes’ updates, transaction document amendments etc.). DVLaw team on covered bonds is led by our partner Yiannis Palassakis.