Alpha Bank has launched its first green bond, aiming to raise up to €500 million from investors. This significant step marks the bank’s entry into the sustainable finance market, aligning with global trends towards more environmentally conscious investment opportunities.
Details of the Green Bond
The green bond features a six-year maturity and is callable after five years. Market analysts estimate the interest rate to be around the 3 per cent mark, making it an attractive option for potential investors. This issuance has received a Baa2 rating from Moody’s, indicating it is the bank’s first full investment-grade issuance in recent years.
Management of the Offering
To facilitate the process, a consortium of prominent banks has been appointed to manage the offering book. The Joint Lead Managers include BNP Paribas, Crédit Agricole CIB, HSBC, J.P. Morgan (B&D), Morgan Stanley, and UniCredit. This collaboration highlights the strong market interest and support for Alpha Bank’s green initiatives.
Commitment to Sustainability
Crédit Agricole CIB’s role as the Green Structuring Bank emphasises the environmental focus of this bond issuance. The funds raised from this initiative are intended to support projects with positive environmental impacts, reinforcing Alpha Bank’s commitment to sustainability in financial practices.
