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Re: fast.money post# 51007

Tuesday, 12/09/2014 4:26:31 AM

Tuesday, December 09, 2014 4:26:31 AM

Post# of 52323
$ALBKY Greece's Alpha Bank Raises Over $500 Million Via Shipping Loan Deal

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.

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