InvestorsHub Logo
Followers 898
Posts 149232
Boards Moderated 0
Alias Born 08/13/2010

Re: Huggy Bear post# 311

Tuesday, 12/09/2014 4:25:55 AM

Tuesday, December 09, 2014 4:25:55 AM

Post# of 419

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.

I am NOT a Financial Adviser. Nothing I say, post, or do should be considered financial advice. I may be holding a long, short or no position. I am NOT compensated to post on here and all my posts are for entertainment purposes only.