The bond issue attracted intense investment interest Tier II height €500 million her Alpha Bankwith the yield finally set at 6.125%.

The Bank’s bond has a duration of 10.25 years and is callable at 5.25 years.

The result of the issuance confirms on the one hand the Bank’s strong position and its ability to exploit the markets and on the other hand its commitment and ability to continue the smooth implementation of its Strategic Plan and its objectives.

Capitalizing on the positive momentum of the markets, the Bank’s issue saw strong investor demand, as more than 130 investors placed with bids exceeding €1.5 billion, confirming positive market assessments of the Bank’s progress.

The transaction attracted strong interest from a large number of international investors (76% of the offer book), with demand mainly coming from France (31%) and the UK (29%). The allocation was over 89% covered by long-term investors such as fund managers, banks and insurance institutions.

The CFO of Alpha Bank Group, Lazaros Papagarifallou, noted:

“We are very pleased with the successful issuance of the Tier II subordinated bond.

Continuing to seamlessly implement our Strategic Plan, we have made significant progress in strengthening our supervisory capital across the spectrum of senior and junior securities, succeeding today in building and maintaining a high level of excess capital.

Strong demand from a well-diversified international investor base played a key role in this positive result, with the coupon ultimately settling very close to initial market estimates. This success is a clear vote of confidence in the future of Alpha Bank and the prospects of the Greek economy”.

Barclays Bank Ireland PLC, BNP PARIBAS, Citigroup Global Markets Europe AG, Goldman Sachs Bank Europe SE, Morgan Stanley Europe SE and UniCredit Bank GmbH acted as joint bookrunners. Koutalides Law Firm and A&O Shearman acted as legal advisors to the publisher.

Bond Compliance Information:

THE [Οδηγία] MiFID II and [κανονισμός] UK MiFIR – professionals [επενδυτές] / eligible counterparties (ECPs) only / outside the European Economic Area (EEA) or UK Key Information Document relating to packaged investment products for retail investors and insurance-based investment products (UK PRIIPs KID) – the MiFID II and UK MiFIR market- manufacturer’s target is only eligible counterparties and business customers (all distribution channels).

No EEA or UK Key Information Document (KID) has been or will be drawn up in the absence of sales to retail investors within the EEA or UK. No action has been taken or will be taken in any jurisdiction with respect to the notes to permit a public offering of securities.

The notes are not and will not be offered or sold in the United States. This announcement does not constitute an offer to sell or a solicitation of an offer to buy the Notes in the United States or any other jurisdiction.

The notes may not be offered, sold or delivered in the United States without registration pursuant to, or exempt from, the registration requirements of the Securities Act. The notes have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or delivered, directly or indirectly, within the United States States or to, or on behalf of or for, persons of the United States