Koutalidis Law Firm is proud to have advised Alpha Bank on:
– the issuance of €700,000,000 Fixed Rate Reset Senior Preferred Notes due 2031 under its €15,000,000,000 Euro Medium Term Note Programme (the “New Notes”), listed and admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange (LuxSE). The issuance attracted demand of over €2.9 billion from more than 110 investors, with fund managers, banks and wealth management firms accounting for 95% of the allocation. Notably, 79% of the issuance was allocated to investors outside Greece, including 33% in the UK, 13% in Germany and Switzerland, 12% in France and 10% in Belgium and the Netherlands, underscoring the strong interest of international investors in the prospects of the Group and the country; and
– the voluntary tender offer for cash for its outstanding €500,000,000 Fixed Rate Reset Senior Preferred Notes due 2028. The offer was made as part of Alpha Bank’s active management of its liability structure and gave holders the opportunity to switch into the New Notes. All validly tendered notes, totalling €392,032,000, were accepted for purchase.
Our Capital Markets team was led by Partner Dr. Ioannis Kaptanis and our Tax team by Partner Dr. George Naskaris (Head of Tax).
They were assisted by Senior Associate Evi Koutsioumpa (Tax) and Associates Nike Konidaris (Banking, Finance and Capital Markets), Stephanie Georgantas (Banking, Finance and Capital Markets) and Ourania Baltsavia (Tax).
