Significant investor interest has been recorded for Alpha Bank’s bond

Alpha Bank Completes Senior Preferred Bond Pricing with Strong International Investor Response

Alpha Bank has successfully completed the pricing of its €750 million Senior Preferred Bond, with strong participation from the international investment community, confirming the Bank’s improved access to global capital markets.

The offering attracted orders exceeding €3.5 billion, more than four times the target amount, reflecting heightened investor confidence in Alpha Bank’s strategic direction, financial performance, and credit profile.

The new bond has a seven-year tenor, with an option to call at the end of year six, making it the longest-dated issuance by the Bank to date. The coupon was set at 3.50%, representing the lowest pricing margin achieved so far by a Greek bank for a bond of comparable size and maturity.

This transaction marks Alpha Bank’s second successful capital raise from international markets within a short period. It aligns with the Bank’s strategy to optimize its capital structure, diversify funding sources, and ensure efficient compliance with regulatory requirements.

A total of 127 investors participated in the issuance, with 71% being asset managers and 15% international banking institutions, highlighting the broad and high-quality investor interest.

Simultaneously, Alpha Bank offered holders of an existing €450 million bond with a 7.50% coupon, callable in June 2026, the option to exchange their bonds for cash while retaining the right to participate in the new issuance.

The joint bookrunners for the issuance were Citi, Deutsche Bank, JPMorgan, HSBC, UBS, and UniCredit.

In her statement, Alpha Bank’s Chief of Global Markets and Group Treasurer, Katerina Marmara, noted that the strong demand confirms market confidence in the Bank’s credit profile and funding strategy, further strengthening its financing profile and supporting the achievement of its regulatory and growth objectives.