Alpha Bank raises €700M at 85bp spread, 4x oversubscribed

Alpha Bank priced a €700 million senior bond at 85 basis points over mid-swaps, drawing over €2.9 billion in orders—more than four times oversubscribed and the largest book for a Greek bank senior issue. The tight spread and record demand signal strong investor confidence in Greek bank credit, reflecting improved sovereign and sector fundamentals. This marks a continuation of Greek banks' successful return to capital markets, with the low spread indicating favorable funding conditions.