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Alpha Bank unit plans 3-yr senior euro bond - IFR

Source: Reuters - Tue 8th Sep 2009

Alpha Credit Group, an arm of Greece's third-largest lender Alpha Bank , plans to issue a three-year senior benchmark euro bond, IFR reported on Tuesday.

Guidance is at mid-swaps plus around 190 basis points, said IFR Markets, a Thomson Reuters online news and market analysis service.

BNP Paribas, Deutsche Bank, LBBW and Royal Bank of Scotland have been named to manage the deal, IFR said.

Alpha Bank, which is guaranteeing the issue, is rated BBB+ by Standard & Poor's, A2 by Moody's Investors Service and A- by Fitch Ratings.

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