Alpha Bank share placement oversubscribed by two times
Alpha Bank commenced a combined share offering on Monday to raise 800 million euros.
Greek lender Alpha Bank’s share placement with institutional investors on Tuesday was oversubscribed two-fold (with a marginal discount) with a final price per share finalized at 1.0 euro, according to sources on Wednesday.
Alpha Bank commenced a combined share offering on Monday to raise 800 million euros.
A public offering in Greece and an international placement with institutional investors via book-building ran in parallel.
According to Reuters, the systemic bank – one of four in the country – raised cash in anticipation of a massive EU funding scheme from the Union’s Recovery and Resilience Fund.
According to Alpha Bank CEO Vassilis Psaltis,the capital increase will help the lender achieve double-digit earnings growth rates and its ability to pay out dividends.
Goldman Sachs and JP Morgan acted as joint global coordinators and joint book-runners, with Citigroup the senior joint book-runner and Barclays and Axia Ventures joint book-runners.
Based on the ATHEX closing of June 30, the bank’s capitalization will increase from 1.6 billion euros to 2.53 billion euros.
- Μεξικό: 6 νεκροί και 10 τραυματίες από επίθεση ενόπλων σε μπαρ
- Συρία: Κούρδοι μαχητές σκότωσαν 15 μαχητές προσκείμενους στην Τουρκία
- Λαμία: Παιδάκι παρασύρθηκε από αυτοκίνητο μπροστά στα μάτια των γονιών του
- Χεζμπολάχ: «Χτυπάτε την Βηρυττο, θα χτυπήσουμε το Τελ Αβίβ»
- Σοκάρει το βίντεο από τη φωτιά σε μπαρ στο Παγκράτι
- ΣΥΡΙΖΑ: Μια όμορφη εικόνα στην Κουμουνδούρου μετά το τέλος των εκλογών [video]
