Milbank LLP advised Attica Bank S.A. (“Attica Bank”) on the establishment of its inaugural €1 billion Euro Medium Term Note Programme (the “EMTN Programme”), which was approved by the Luxembourg Stock Exchange on April 25, 2025.
Milbank also advised Attica Bank on the issuance, under the EMTN Programme, of (i) €100 million 9.375% Non-Cumulative Temporary Write-Down Deeply Subordinated Fixed Rate Resettable Notes (the “AT1 Notes”) and (ii) €150 million 7.375% Tier 2 Fixed Rate Resettable Callable Subordinated Notes due 2035 (the “Tier 2 Notes”). The AT1 Notes and the Tier 2 Notes were admitted to listing on the Euro MTF market of the Luxembourg Stock Exchange on June 13, 2025.
The offering marks Attica Bank’s first entry into the international capital markets in its 100-year history.
Attica Bank S.A. is a Greek commercial bank founded in 1925 and headquartered in Athens. As Greece’s fifth-largest bank, it specializes in retail and corporate banking, SME financing, digital banking services, insurance products and capital markets operations.
The Milbank team was led by Corporate Finance and Securities partner Apostolos Gkoutzinis and associate Alexandros Makris.
