Saturday, April 20, 2024

      Subscribe Now!

 

spot_img
spot_img
GreeceBusinessAlpha Bank raises 400 million euros from bond sale

Alpha Bank raises 400 million euros from bond sale

Hellenic News of America
Hellenic News of Americahttps://www.hellenicnews.com
The copyrights for these articles are owned by HNA. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of HNA and its representatives.

Latest articles

Alpha Bank on Wednesday announced the successful completion of an Additional Tier 1 bond issue, raising 400 million euros from the market, following a series of successful bond issuance in the last three years worth 2.8 billion euros.

The bond issue sets the preconditions to improving the bank’s capital structure in line with the standards of leading European banks and comes two days after Fitch raised the bank’s credit rating to B+. Investor demand for the issue was strong, totaling 1.8 billion euros and the issue was 5.7 times oversubscribed.

More than 190 investors participated in the auction. The interest rate of the issue was set at 11.875%, lower than market estimates.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

Get Access Now!

spot_img
spot_img
spot_img