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Published on 12/5/2022 in the Prospect News High Yield Daily.

Alpha Bank readies Tuesday pricing of reset senior preferred notes

Chicago, Dec. 5 – Alpha Bank SA expects to offer €300 million of fixed-rate reset senior preferred notes (Ba3/B+) as Tuesday business, according to a market source.

The 4.5-year notes will have 3.5 years of call protection.

The Regulation S notes are to be sold by BNP Paribas, Deutsche Bank, Goldman Sachs Bank Europe SE and Morgan Stanley as joint bookrunners. Alpha Bank will be listed as a co-manager.

The new offering relates to a tender offer for an existing issue of fixed-rate reset senior preferred notes due 2024 that started on Monday.

The bank is based in Athens.


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