Koutalidis has advised Alpha Bank on the successful tender offer for EUR 400 million in senior preferred notes due 2024 and a new EUR 450 million issuance of non-call senior preferred notes under Alpha Bank’s EUR 15 billion EMTN Program.
Alpha Bank, BNP Paribas, Deutsche Bank Aktiengesellschaft, Goldman Sachs Bank Europe, and Morgan Stanley Europe were the dealer managers of the tender offer. BNP Paribas, Deutsche Bank Aktiengesellschaft, Goldman Sachs Bank Europe, and Morgan Stanley Europe were the joint bookrunners for the new notes, with Alpha Bank as co-manager for the issuance.
According to Koutalidis, “the tender offer was addressed to holders of the called notes, who were given priority allocation, giving them the opportunity to retain their investment and confidence in Alpha Bank. This innovative transaction, as it was the first tender offer launched by a Greek Bank coupled with a new issuance of new notes over the past seven years, allowed Alpha Bank to proactively refinance its EUR 400 million called notes along with the issue of the new notes in managing its minimum required eligible liabilities position.”
The Koutalidis team included Partners Nikos Salakas, Ioannis Kaptanis, and George Naskaris.
Koutalidis did not respond to our inquiry on the matter.
