Greece
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Alpha Bank has executed the first Greek covered bond issue, and will settle the deal off its new programme tomorrow (Friday). [Updated to include deal size, maturity.] -
The first Greek covered bond appears to be approaching, with Alpha Bank expecting to finalise its programme by the end of this month and possibly giving a hint of the way in which the country’s issuance will be structured.
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EFG Eurobank, the third largest bank in Greece, is poised to be among the first to take advantage of the new Greek covered bonds legislation. It plans to meet its wholesale funding target of approximately Eu4bn this year through a debut covered bond alongside two ABS issues.
