Greece’s Alpha Bank Raises Over $500 Million Via Shipping Loan Deal

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December 4, 2014

ReutersATHENS, Dec 4 (Reuters) – Greece’s Alpha Bank raised more than $500 million from a transaction backed by shipping loans, it confirmed on Thursday, one of the first of its kind by a Greek bank since 2008.

Reuters reported in November that Alpha Bank, Greece’s fourth-largest bank, was to raise about $510 million by bundling together shipping loans.

The fundraising, arranged by Citigroup, has a five-year maturity. (Reporting by Angeliki Koutantou. Editing by Jane Merriman)

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