Alpha Bank raises €700 million through successful bond issuance

Alpha Bank Senior Preferred Bonds bond issuance Greek banking sector institutional investors

Alpha Bank has successfully priced a €700 million Senior Preferred bond issue, attracting significant international demand. The offering drew bids exceeding €2.9 billion, marking the largest order book for a Greek bank since the outbreak of the war in the Middle East.

The bonds carry a 4.5-year maturity with an option for early redemption after 3.5 years. They were priced with a spread of 85 basis points against the mid-swap, representing the lowest spread ever achieved by the bank for a similar issuance. More than 110 institutional investors participated, with 79% of the allocation going to international investors, including significant participation from the United Kingdom (33%), Germany and Switzerland (13%), France (12%), and Belgium and the Netherlands (10%).

As part of its broader funding and liability management strategy, Alpha Bank also launched a voluntary tender offer for €500 million of its existing Senior Preferred notes due in 2028. This allows investors to transition their positions into the newly issued notes. The transaction was supported by joint bookrunners including AXIA, HSBC, J.P. Morgan, Morgan Stanley, Société Générale, UBS, and UniCredit.

Entities

Alpha Bank · HSBC · J.P. Morgan · Katerina Marmara · Morgan Stanley

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] The bonds were priced with a spread of 85 basis points against the mid-swap. www.reporter.gr · www.insider.gr · www.capital.gr
[● 3 SOURCES] The bond issuance received offers exceeding €2.9 billion. www.reporter.gr · www.insider.gr · www.capital.gr
[○ 1 SOURCE] The issuance is linked to the bank's management of liabilities and MREL requirements. www.capital.gr
[● 3 SOURCES] This is the third Senior Preferred Bond pricing for Alpha Bank in the last year. www.reporter.gr · www.insider.gr · www.capital.gr
[● 3 SOURCES] More than 110 institutional investors participated in the negotiation. www.reporter.gr · www.insider.gr · www.capital.gr
[● 3 SOURCES] 79% of the issuance was allocated to international investors. www.reporter.gr · www.insider.gr · www.capital.gr
[● 3 SOURCES] The bonds have a 4.5-year maturity with an option for early redemption after 3.5 years. www.reporter.gr · www.insider.gr · www.capital.gr
[● 3 SOURCES] Alpha Bank completed a €700 million Senior Preferred Bond issuance. www.reporter.gr · www.insider.gr · www.capital.gr