Alpha Bank has opened the tender book for its Additional Tier 1 (AT1) bond, which it is issuing to raise between €300 and €400 million.

The bond is anticipated to yield approximately 8%. It is recalled that this is the second issue of AT1 securities, in the form of perpetual, after having raised €400 million in February 2023 with a bond priced at 11.875%.

According to estimates from Moody's, the issue is B2.