Alpha Bank – Issuance of Covered Bonds

AnnouncementsAlpha Bank – Issuance of Covered Bonds

DVLaw acted as Greek legal counsel to the Joint Lead Managers for the issue by Alpha Bank of a five-year €500 million soft bullet covered bond at 2.75% yield under its €8 billion Covered Bond Programme I. The transaction attracted strong investor interest and it was almost five times over-subscribed, with the vast majority of the issuance being covered by international institutional investors (93%). It is also noted, that DVLaw has acted as Greek legal counsel in connection with the establishment by Alpha Bank of its second direct issuance €8 billion residential mortgage Covered Bond Programme II and is advising in all transactions relating thereto (cover pool management, issuance of series thereunder, programme updates, transaction documents amendments etc.). DVLaw team on covered bonds is led by our partner Yiannis Palassakis.

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