Alpha Bank sets share price offer at 0.04 euros
Alpha Bank on Thursday announced the successful completion of a book building offer raising 1.553 billion euros from institutional investors through an offer of new common shares.
The bank said that the results of a book building offer combined with the results of a Liability Management Exercise (LMEs) completed a capital boost plan exclusively with private investors covering a total of 2.563 billion euros under the adverse scenario presented by SSM.
Alpha Bank said its board, in cooperation with Hellenic Financial Stability Fund, set an offer price of 0.04 euros per share, or 2.0 euros per share after a reverse split at a rate of 50 to one.
