Koutalidis Law Firm is proud to have advised Alpha Bank in relation to,

– The issuance of €500,000,000 Fixed Rate Reset Tier 2 Notes due 2036 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. The issuance received demand reaching €2.6 billion from 150 investors and was oversubscribed 5.2 times the initial target; it was covered by 89% by fund managers, banks and wealth management firms. It is worth noting that the 76% of the issue was placed outside Greece, confirming the interest of foreign investors in the prospects of the group and the country. This is the first issuance following the EMTN Programme amendment pursuant to which Alpha Bank S.A. was substituted as issuer by operation of law and by way of universal succession, following the reverse merger by absorption of Alpha Services and Holdings S.A. by Alpha Bank S.A.; and

– The tender offer for the purchase of its outstanding €500,000,000 Dated Subordinated Euro Denominated Fixed Rate Reset Tier 2 Notes due 2031 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 €361,726,000, were accepted for purchase.

Our Capital Markets Team was led by Partner Dr. Ioannis Kaptanis (Partner – Banking & Finance) and our Tax Team was led by Dr. George Naskaris.
(Head of Tax), assisted by Counsel Georgia Koutsoukou, Senior Associates
Panagiota Thivaiou and Evi Koutsioumpa, and Associates Nike Konidaris and Gerásimos Siokos.