In a statement Alpha Bank, which is the nation’s fourth-biggest bank in terms of assets and a traditional lender to business, noted the transaction marks a first.
“This is the first securitization transaction from a Greek bank placed with investors since 2008 and simultaneously one of the very few shipping transactions globally,” it said.
The bank received “non-recourse funding in excess of $500m” for five years “with competitive pricing,” Alpha continued without revealing further details.
