More than 130 investors placed bids on Alpha Bank's €500 million Tier II bond, with bids exceeding €1.5 billion and strong investor demand pushing the yield to 6.125%. The bank's bond has a maturity of 10.25 years and is callable at 5.25 years.

According to a statement from Alpha Bank, the transaction attracted strong interest from a large number of international investors (76% of the bid book), with demand coming mainly from France (31%) and the UK (29%). Over 89% of the allocation was covered by long-term investors such as fund managers, banks, and insurance companies.

"The outcome of the issue confirms both the bank's strong position and its ability to tap the markets, as well as its commitment and capacity to continue the seamless implementation of its strategic plan and objectives," the statement said.

Alpha Bank Group CFO, Lazaros Papagarifallou, noted: "We are particularly pleased with the successful issuance of the Tier II subordinated bond. Continuing seamlessly with the implementation of our Strategic Plan, we have made significant progress in strengthening our regulatory capital across the entire range of senior and junior securities, succeeding today in creating and maintaining a high level of surplus capital. Strong demand from a well-diversified international investor base played a key role in this positive outcome, with the coupon finally forming very close to initial market estimates. This success is a clear vote of confidence in the future of Alpha Bank and the prospects of the Greek economy."

Barclays Bank Ireland PLC, BNP Paribas, Citigroup Global Markets Europe AG, Goldman Sachs Bank Europe SE, Morgan Stanley Europe SE, and UniCredit Bank GmbH acted as joint bookrunners of the offering. Koutalidis Law Firm and A&O Shearman acted as legal advisors to the publisher.