Alpha Bank S.A. (hereinafter the “Offeror”) announces that on 18 September 2026 it addressed an invitation to the holders of euro-denominated fixed rate reset Senior Preferred notes, issued by the Offeror and maturing in 2028, in an aggregate amount of €500 million (ISIN: XS2388172855) (hereinafter the “Notes”), to submit their Notes for repurchase in cash by the Offeror (hereinafter the “Offer”).
The Offer is subject to the terms and conditions included in the tender offer memorandum dated 18 September 2026. In the Hellenic Republic, the Offer is addressed exclusively to professional clients and eligible counterparties within the meaning, respectively, of Articles 4 and 30 of Law 4514/2018.
The repurchase by the Offeror of the Notes submitted in the context of the Offer is subject to conditions, including the successful completion of the issuance by the Offeror of a new series of Senior Preferred notes with senior ranking at a fixed rate reset (fixed rate reset Senior Preferred) (hereinafter the “New Notes”), which depends on prevailing market conditions.
The Offeror, during the allocation process of the New Notes, may, at its absolute discretion, allocate New Notes on a priority basis to holders of Notes who bindingly confirm to the Offeror or to any of the Dealer Managers the valid submission or their intention to submit the Notes for repurchase in the context of the Offer.
The Offer aims at the refinancing of the Notes through the issuance of the New Notes and falls within the framework of managing the Offeror’s position with regard to the minimum requirement for own funds and eligible liabilities (MREL).
AXIA Ventures Group Ltd, HSBC Continental Europe, J.P. Morgan SE, Morgan Stanley Europe SE, Société Générale, UBS Europe SE and UniCredit Bank GmbH act as Dealer Managers of the Offer and as Joint Lead Managers of the issuance of the New Notes.