Alpha Bank has made another successful entry into international capital markets, completing the pricing of a €600 million Senior Preferred Green Bond. Total offers exceeded €1.5 billion, leading to an oversubscription of nearly 3 times the initial target through an international book-building process. This issuance is part of the Bank’s broader funding strategy and strengthens its continuous and active presence in international debt markets. This marks Alpha Bank’s second Senior Preferred Bond issuance in less than three months, with total raised capital reaching €1.35 billion.
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Alpha Bank: successful pricing of 6-year green bond
The bond, with a 6-year maturity and a call option at 5 years, carries a fixed interest rate of 3.75%. The final yield was set at 3.844%, which is 95 basis points above the corresponding mid-swap, a level that reflects both the intensity of demand and the positive assessment of Alpha Bank’s credit profile by the international investment community.
A decisive factor in the issuance’s success was the broad geographical and qualitative diversification of demand. More than 100 institutional investors participated, while 80% of the issuance was allocated to foreign investors, confirming the strong trust relationship the Bank has built with international capital.
According to Alpha Bank’s Green Bond Framework, the raised capital will be used to finance eligible green investments, in line with the Bank’s strategic commitment to promoting sustainable development and financing the green transition of the Greek economy.
“Strategic flexibility to support organic growth and implement targeted acquisitions”
AXIA, Crédit Agricole CIB, Commerzbank, Goldman Sachs Bank Europe, Morgan Stanley, Nomura and UniCredit acted as joint bookrunners for the issuance.
Alpha Bank’s Chief of Global Markets and Group Treasurer, Ms. Katerina Marmara, stated: “In an environment of increased uncertainty and volatility, the successful completion of this new issuance practically confirms international markets’ confidence in Alpha Bank’s credit profile and strategy. Furthermore, it enhances the Bank’s financial flexibility and proactive balance sheet management, while providing strategic leeway to support organic growth and implement targeted acquisitions within the Group’s broader development strategy.”
