Alpha Bank gives results of one-week tender offer for preferred notes

Chicago, Dec. 13 – Alpha Bank SA announced the results of its tender offer for the €400 million outstanding 3% fixed-rate reset senior preferred notes due 2024 (ISIN: XS2416958598), according to an announcement.

As of the expiration time at 11 a.m. ET on Dec. 12, noteholders tendered €368,773,000 of their notes.

The company is accepting all of the tendered notes.

Alpha Bank is offering a par purchase price. Interest will also be paid to the settlement date.

The maximum acceptance amount was to be determined by the issuer at a later date, based on a new offering.

The tender offer is subject to a financing condition, namely the successful completion of the issue of the new offering of notes.

The offer is expected to settle on Dec. 15.

After settlement, there will be €31,227,000 of notes remaining.

Alpha Bank SA (+30 210 326 8263, groupfunding@alpha.gr), BNP Paribas (+33 1 55 77 78 94, liability.management@bnpparibas.com), Deutsche Bank AG (+44 20 7545 8011), Goldman Sachs Bank Europe SE (+44 20 7774 9862, liabilitymanagement.eu@gs.com) and Morgan Stanley Europe SE (+44 20 7677 5040, liabilitymanagementeurope@morganstanley.com) are dealer managers.

Kroll Issuer Services Ltd. is the tender agent (+44 20 7704 0880, alphabank@is.kroll.com, https://deals.is.kroll.com/alphabank).

The bank is based in Athens.

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