Koutalidis Law Firm is proud to have advised Alpha Bank in relation to:
– the issuance of €750,000,000 Fixed Rate Reset Senior Preferred Notes due 2033 under its €15,000,000,000 Euro Medium Term Note Programme (the “New Notes”), which are listed and admitted to trading on the Euro MTF market of the Luxembourg Stock Exchange (LuxSE). The issuance received demand exceeding €3.5 billion from 127 investors and it was covered by 86% by fund managers, banks and wealth management firms. It is worth noting that 80% of the issuance was placed outside Greece, confirming the interest of foreign investors in the prospects of the group and the country; and
– the tender offer for the purchase of its outstanding €450,000,000 Fixed Rate Reset Senior Preferred Notes due 2027 for cash, which was made on a voluntary basis in the context of Alpha Bank’s active management of its liability structure, allowing investors to transfer their positions to the New Notes. All validly tendered notes, totaling €293,970,000, were accepted for purchase.
Our Capital Markets Team was led by Partner Dr. Ioannis Kaptanis and our Tax Team was led by Partner Dr. George Naskaris (Head of Tax), who were assisted by Senior Associate Evi Koutsioumpa (Tax) and Associate Nike Konidaris (Banking, Finance and Capital Markets).
Congratulations to all teams involved for their dedication, expertise and hard work in bringing this important issuance to fruition.
