Alpha Bank issues 1.0-bln-euro covered bond

Alpha Bank issues 1.0-bln-euro covered bond

Alpha Bank on Tuesday announced the successful issuance of a covered bond issue, worth 1.0 billion euros, in the framework of a covered bonds program up to 8.0 billion euros, approved by the bank.

The covered bond issue was listed in the Luxembourg Stock Exchange and was rated A and Baa3 by Fitch and Moody's, respectively. The covered bond issue can be used as collateral for raising liquidity from the European Central Bank. Alpha Bank said the issue would further strengthen its liquidity.

 

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