Alpha Services expects to redeem €130 million floaters on April 27

By Mary-Katherine Stinson

Lexington, Ky., March 21 – Alpha Services and Holdings SA will redeem the entire principal amount outstanding of its €130 million floating-rate perpetual subordinated notes callable with Step-Up 2012 (ISIN: XS0313221110) on the April interest payment date, which is expected to be April 27, according to a company news release.

The redemption will be at par plus accrued interest to the redemption date along with all arrears of interest and additional amounts, if any.

Alpha stated it has obtained the prior consent for the redemption from the single supervisory mechanism and, to the extent required, the Bank of Greece as required by the conditions.

The notes were originally issued by Alpha Group Jersey Ltd. Alpha Services, at that time known as Alpha Bank SA, assumed all rights, obligations and liabilities for the notes through a deed of substitution on Nov. 11, 2015.

Alpha is a banking and financial services group based in Athens.

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