Alpha Bank bond demand reaches €1.3 bln
Alpha Bank on Wednesday announced it had successfully completed the issuance of a 500-million-euro senior preferred bond.
The issue attracted strong demand amounting to €1.3 billion, or roughly three times the initial target of €400 million.
Alpha said that following four highly successful senior preferred bond issuances in 2021 and 2022, amounting to €1.7 billion in total, the bank has concluded the pricing of a further €500 million senior preferred bond issuance.
The senior preferred bond has a six-year maturity and is callable in five years, with a coupon of 6.875% and a yield of 7%.
The issuance secured high interest from more than 130 investors and a yield of 7%, lower than initial guidance.
