Major investor John Paulson announced the reduction of his participation in the share capital of Alpha Bank to 4.86%.
Alpha Bank’s announcement
In particular, Alpha Services & Participations informs, with its announcement to the Stock Exchange, that following a related notification by PAULSON & CO INC. on 5.12.2022, the latter holds on 30.11.2022, directly 114,061,367 voting rights which correspond to a percentage of less than 5% of the total voting rights of the Company.
With the new data, the largest private shareholder of Alpha Bank is now Reggeborgh with a percentage of more than 5%. In an announcement last November, it announced that it controls 5.55% of the bank.
Alpha Bank enters the markets
It should be noted that Alpha Bank entered the markets with the Senior bond it has announced.
Alpha Bank has decided to cover part of the future MREL needs in advance, through a new issue with a longer duration, covering the final target for required regulatory capital in January 2026.
BNP Paribas, Deutsche Bank, Goldman Sachs and Morgan Stanley as joint bookrunners are “running” the issuance of the new bond, which has a duration of 4.5 years with the possibility of recall at 3.5 years.
As noted during the recent quarterly results presentation, the bank has already achieved the interim MREL target and remains firmly committed to its further path towards meeting its MREL supervisory obligations.
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