Milbank LLP has played a pivotal role in assisting Attica Bank S.A. with the launch of its €1 billion Euro Medium Term Note Programme (EMTN Programme). This programme received approval from the Luxembourg Stock Exchange on April 25, 2025.
In addition to setting up the EMTN Programme, Milbank provided guidance for Attica Bank on issuing €100 million 9.375% Non-Cumulative Temporary Write-Down Deeply Subordinated Fixed Rate Resettable Notes, known as AT1 Notes, and €150 million 7.375% Tier 2 Fixed Rate Resettable Callable Subordinated Notes due in 2035, referred to as Tier 2 Notes. These financial instruments were listed on the Euro MTF market of the Luxembourg Stock Exchange as of June 13, 2025.
This venture marks a significant milestone for Attica Bank, representing its inaugural participation in international capital markets since its founding a century ago.
Attica Bank S.A., established in Athens in 1925, is recognized as Greece’s fifth-largest bank. It offers a range of services including retail and corporate banking, SME financing, digital banking services, insurance products, and capital markets operations.
The team from Milbank leading this project included both partner and associate professionals.