EFG Eurobank, as originator, successfully launched today its third residential mortgage backed securities, Themelion III. The total size amounts to euro 1,000 million at an average funding cost of Euribor + 16 bps for 7 years and an effective maturity in 7 years. This is the third issue for EFG Eurobank from the securitization of residential mortgage loans in the international market following two similar securitizations amounting to euro 750 million each, launched in 2004 and 2005. The residential mortgage securitization aims at broadening the bank's funding program and finding alternative sources of long term liquidity. The success of the program allows the Bank to offer competitive products and services to its clientele. To promote the offering of the bonds in both the European and Greek markets, a group of Eurobank executives made roadshow presentations to institutional investors. The over subscription of the issue manifests the success of these roadshows as the total size of the book reached the region of euro 1.7 billion, which represents on oversubscription of 1.7 times. The bonds were rated by rating agencies Standard & Poors, Moody's and Fitch. Specifically, the amount of euro 900 million received the highest possible rating of AAA/Aaa/AAA (with coupon three month Euribor + 14bps), the amount of euro 40 million was rated at AA/Aa2/AA- (with coupon three month Euribor + 21 bps), the amount of euro 20 million was rated at A/A2/A (with coupon three month Euribor + 30 bps) and the amount of ?40 million was rated at BBB/Baa2/BBB+ (with coupon three month Euribor + 58bps). The Lead Managers for this securitization are Citigroup Global markets Ltd, Morgan Stanley & Co International Ltd and EFG Telesis Finance.-