Marine Link
Tuesday, July 17, 2018

Greece's Alpha Bank Raises Over $500 mln Via Shipping Loan Deal

Maritime Activity Reports, Inc.

December 4, 2014

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

Maritime Reporter Magazine Cover Jul 2018 - Marine Communications Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News