[ACBr.AT] ATHENS, April 19 (Reuters) - Alpha Bank <ACBr.AT>, Greece's
third-biggest lender, offered on Friday to buy back subordinated
and hybrid bonds with a nominal value of 317 million euros at
discounted prices.
Alpha offered to buy back from investors five series of
securities, it said in a regulatory filing. It offered to buy
the securities in cash at a price ranging from 35 percent to 55
percent of their nominal value.
The offer expires on May 9. J.P. Morgan will act as deal
manager. "The offers are part of a range of proposals to
strengthen the core tier 1 capital base of the bank," Alpha
said.
(Reporting by Lefteris Papadimas; writing by Harry
Papachristou)
((
[email protected]; +30 210 33 76 455;
Reuters Messaging:
[email protected]@reuters.net))