Greek systemic lender Alpha Bank on Friday announced the completion of a senior preferred notes issue worth 400 million euros, a following a total of 900 million euros drained from the markets in 2021 through two similar senior preferred bond issues.
The two-year issue can be called in the second year of its three-year duration. A 7-percent coupon accompanied a yield of 7.25 percent. The latter is set to cover the ATHEX-listed lender’s minimum required eligible liabilities requirements.
According to reports, Institutional investors purchased 55 percent of the issue.
Morgan Stanley was the sole bookrunner of the issue.
