Bernitsas has advised Attica Bank on the establishment of a EUR 1 billion medium-term note Program and the subsequent issuance of EUR 100 million additional tier 1 notes and EUR 150 million tier 2 subordinated notes.
According to Bernitsas, the AT1 notes are non-cumulative, temporary write-down deeply subordinated fixed-rate resettable notes, while the tier 2 notes are fixed-rate resettable callable subordinated notes due 2035. Both instruments were offered to international and domestic institutional investors via a bookbuilding process, with all notes listed on the Euro MTF market of the Luxembourg Stock Exchange.
The Bernitsas team included Counsel Alexia Kefalogianni and Associate Adonis Sfyris.
Bernitsas did not respond to our inquiry on the matter.
