Alpha Bank Tier 2 bonds

complete

The EBRD invested EUR 15 million in a benchmark EUR 500 million subordinated bond issuance by Alpha Bank A.E., a commercial bank incorporated in Greece, in February 2020. This is the first instrument issued by Alpha Bank since the introduction of the EU Bank Recovery and Resolution Directive that meets the regulatory minimum requirements for own funds and eligible liabilities (MREL) and marks the bank's post-crisis return to the capital market with an unsecured instrument. The Tier 2 capital eligible bonds have a 10-year maturity, with a call option after the fifth year, and are listed on the Luxembourg Stock Exchange. The EBRD further invested EUR 35 million in a benchmark EUR 500 million subordinated bond issuance by Alpha Bank A.E. in March 2021. The Tier 2 capital eligible bonds have a 10-year maturity, with a call option after the fifth year, and are listed on the Luxembourg Stock Exchange.