Alpha Bank issues 600 million euro green bond

Alpha Bank successfully priced a €600 million green senior preferred bond this week. Investor demand exceeded €1.5 billion, resulting in an oversubscription of nearly three times. The bond features a six-year maturity, with an early redemption option at five years, and carries a fixed coupon of 3.75 percent. The final yield was set at 3.844 percent, representing a spread of 95 basis points over the mid-swap level. This transaction marks the bank’s second senior preferred bond issuance within three months, bringing the total funds raised to €1.35 billion. Over 100 institutional investors participated, with 80 percent of the allocation going to international investors. The proceeds from the issuance are designated for financing eligible green investments in accordance with the bank’s green bond framework. Concurrently, the bank finalized its share buyback program.