Alpha Bank fails to move past initial pricing for new tier two

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By Tyler Davies
04 Mar 2021

Alpha Bank priced a new tier two in line with its initial marketing range on Thursday, after failing to build up much momentum through the order book.

Lead managers Barclays, Citi, Goldman Sachs, JP Morgan and Nomura began the pricing for the Greek issuer’s 10.25 year non-call 5.25 tier two in the 5.5% area.

They waited until after 9am in London before opening the books, giving themselves time to take the temperature of the market following ...

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