News September 26 , 2021

Koutalidis Law Firm advised Alpha Bank on its Euro 500 million Senior Preferred bond issuance

Koutalidis Law Firm advised Alpha Bank on its issuance of €500 million fixed-rate reset senior preferred notes due 2028. The notes, listed on the Luxembourg Stock Exchange– EuroMTF Market, have a 6.5-year maturity and may be redeemed anytime following a 5.5-year period, with a coupon of 2.5% and a yield of 2.625%. BNP Paribas, BofA Securities, Citigroup, Commerzbank, Morgan Stanley and Alpha Finance acted as Managers.

The proceeds will be used for the general corporate and financing purposes of the Alpha Bank Group and to further strengthen Alpha Bank’s MREL base.

As announced by the Bank, “this transaction significantly enhances the Bank’s presence in the international capital markets, diversifies its investor base and improves its funding profile.”

Our partners Ioannis Kaptanis and George Naskaris led a team of Associates, including Chrysanthi Karlou, Georgia Koutsoukou, Fani Chlampoutaki, Evi Maragkou, and Giota Thivaiou.