Ioannis Kaptanis

Practice Areas

Dr. Ioannis Kaptanis focuses on concession projects, project finance transactions, and privatisations. He regularly advises and represents clients in arbitration and litigation, as well as contract negotiation.

Moreover, he advises banks and corporations on financing transactions, particularly asset backed lending transactions, derivatives and repo agreements.

Ioannis is ranked as Market Leader in Project Finance and Project Development by the IFLR1000 and a Leading Partner in the practice areas of Projects and Privatisation, of Banking, Finance & Capital Markets and of Dispute Resolution in Greece by The Legal 500 EMEA. He is also ranked by Chambers Global and Europe.

Publications

• Co-contributor to the Chambers Global Practice Guide 2025, Project Finance in Greece, Law and Practice,

• Co-contributor to the Chambers Global Practice Guide 2025, Project Finance in Greece, Trends and Developments,

• Co-contributor to the 2025 Legal 500: Project Finance Comparative Guide

• Co-contributor to the 2024 Legal 500: Project Finance Comparative Guide

• Co-contributor to the 2023 Legal 500: Project Finance Comparative Guide

• Co-contributor to the Chambers Global Practice Guide 2023, Litigation in Greece, Trends and Developments,

• Co-contributor to the Chambers Global Practice Guide 2022, Enforcement of Judgments in Greece, Law and Practice,

• Co-contributor to the Chambers Global Practice Guide 2022, International Arbitration in Greece, Law and Practice,

• Co-contributor to the Chambers Global Practice Guide 2022, International Arbitration in Greece, Trends and Developments,

• Co-contributor to the Legal 500 overviews of Litigation laws and regulations applicable in Greece, 2022,

• Co-contributor to the Chambers Global Practice Guide 2022, Litigation in Greece, Trends and Developments,

• Co-contributor to the Chambers Global Practice Guide 2021, International Arbitration in Greece, Law and Practice,

• Co-contributor to the Chambers Global Practice Guide 2021, International Arbitration in Greece, Trends and Developments,

• Co-contributor to the Chambers Global Practice Guide 2021, Enforcement of Judgments in Greece, Law and Practice,

• Co-contributor to the Chambers Global Practice Guide 2020, International Arbitration in Greece, Law and Practice & Trends and Developments,

• Co-contributor to the Chambers Global Practice Guide 2020, Enforcement of Judgments in Greece,

• Co-contributor to the Chambers Global Practice Guide 2020, Litigation in Greece, Trends and Developments,

• Co-contributor to the project of the World Bank “Benchmarking Infrastructure 2020 in Greece”,

• Co-contributor of the chapter on Restructuring & Insolvency: The position of Creditors in Greece in the Greek Law Digest (2019),

• Co-contributor to the project of the World Bank “Procuring Infrastructure PPPs 2018”,

• Co-contributor to the project of the World Bank “Enabling the Business of Agriculture 2017”,

• Co-contributor of the chapter on Greek Port Regulations in the Greek Law Digest (2016),

• Contributor of the analysis of articles 402-409 of the Greek Civil Code on earnest and penalty clause in the commentary of Professor Ioannis Karakostas, Civil Code, Law of Obligations, General Part, Athens 2006 (in Greek).

Personal

• Chambers Global and Europe Legal Guides, ranked in Banking & Finance (Greece)

• IFLR1000 - Project Finance, Project Development (Greece), Market Leader

• Legal 500 EMEA - Projects and Privatisation (Greece), Leading Partner

• Legal 500 EMEA – Banking, Finance and Capital Markets (Greece), Leading Partner

• Legal 500 EMEA - Dispute Resolution (Greece), Leading Partner

Work Highlights

Alpha Bank in relation to the issuance of €750,000,000 Senior Preferred Notes under its €15,000,000,000 EMTN Programme, and the voluntary tender offer for the purchase of its outstanding €450,000,000 Senior Preferred Notes.

Alpha Bank S.A. in relation to the issuance of €500,000,000 Green Senior Preferred Notes under its EMTN Programme,

Piraeus Bank as sole lender under its existing bond loan of up to €275 million to Aktor Concessions, in connection with the completion of the sale of 100% of the shares of Aktor Concessions by ELLAKTOR GROUP S.A. to Aktor.

Alpha Bank S.A. on its reverse merger by absorption of its parent entity and the subsequent listing on the Main Market of the Athens Exchange,

Alpha Bank S.A. on the update of its EMTN Programme,

Alpha Bank S.A. on the establishment of its new Green Bond Framework,

Piraeus Bank S.A. on the issuance by Aktor Concessions of a bond loan of up to €275 million, the proceeds from which are to be directed towards the refinancing of Aktor Concessions’ existing debt and for the coverage of general corporate purposes,

HOCHTIEF PPP Solutions GmbH on the sale of its 17% equity stake in the Olympia Odos motorway,

Alpha Bank S.A. on an €806 million secured bond loan for the Athens International Airport expansion projects, advising also the Greek systemic banks’ syndicate on four major bond loans issued by AIA in 2019, 2022, and 2024,

A consortium of all Greek Systemic Banks in connection with (a) an up to circa €35 million bond loan to the Athens International Airport for the financing of its initiative to achieve net zero carbon emissions by 2025, for the installation of PV stations with battery energy storage system and heat pumps, including RRF financing and (b) a €105 million secured bond loan for the financing of corporate purposes of AIA,

Aegean Motorway S.A. (the concessionaire of the Maliakos Kleidi section of PATHE Motorway) on the refinancing of its existing debt by all Greek systemic Banks up to amount of circa €419 million,

Hellenic Gas Transmission System Operator (DESFA) on its up to €710 million common bond load (with an “accordion” option, allowing for an up to €100 million increase of the loan reaching a total amount of up to €810 million), arranged by the four Greek systemic banks, integrating Recovery and Resilience Fund (RRF) funding across multiple DESFA projects under a non-SPV framework,

Alpha Holdings and Services S.A. on its inaugural issuance of €400 million Fixed Rate Reset AT1 Notes,

Advising Alpha Bank on its tender offer for its €400 million Senior Preferred Notes,

Piraeus Bank and Eurobank with regards to the provision of financing (along with RRF funds by the Greek State) of an overall amount of €195 million to HEDNO for the implementation of its eligible investment plan, being the installation of smart meters,

Advising a subsidiary of the sponsors of the project, Aktor Concessions and Intrakat, on the issuance of a bond loan of up to €216 million subscribed for by Alpha Bank S.A. and other systemic banks, in the context of the public private partnership (PPP) agreement for the Kalamata-Rizomylos motoway

Fraport Greece on its refinancing for a total amount of €960 million of the project financing of the concession of fourteen (14) in total regional airports of the Hellenic Republic,

Eurobank and National Bank of Greece, in implementation of a framework agreement with HELLENiQ RENEWABLES, on the issuance by HELLENiQ RENEWABLES Wind Parks of Evia S.M.S.A. of a secured bond loan of an amount up to €86 million and on the issuance by KOZILIO ENA S.M.S.A. of a secured bond loan of an amount up to €133 million and in respect of a framework agreement on the issuance of acquisition facilities and term loan facilities related to renewable energy projects up to the total amount of €766 million,

Eurobank, National Bank of Greece, Piraeus Bank and Alpha Bank with regards to the financing to HEDNO up to an amount of €660 million in respect of the company’s capital expenditures,

A syndicate of the Greek systemic banks in connection with the refinancing of the existing indebtedness to such banks of Athens International Airport,

NN Group on the acquisition of MetLife’s business in Greece and the subsequent merger,

GMR Airports Limited and its Greek subsidiary on the EUR 60,5 million financing by NBG in the context of the New Kastelli (Heraklion) International Airport project,

Advising DESFA on its €505 million common bond load, arranged by the four systemic banks,

Alpha Bank on its Euro 500M Senior Preferred bond issuance,

Advising the sponsor, Aktor Concessions S.A., and the concessionaire on the concession of the exclusive right to own, use, administer, operate and exploit the Marina of Alimos for a 40-year period for a total consideration of EURO 57.5 million,

Piraeus Bank S.A., National Bank of Greece S.A., Alpha Bank S.A. and Eurobank S.A. on (i) an up to €665.6mio bond loan in connection with the 20-year extension of the Airport Development Agreement dated 31 July 1995, (ii) an up to €100mio bond loan, for the financing of capital expenditure projects (iii) an up to €140mio bond loan for the financing of working capital and operational needs,

Alpha Bank on the demerger by way of hive-down of its banking sector,

Alpha Bank on matters of Greek Law on the successful issuance of a landmark Euro 500 million Tier 2 subordinated bond,

Advising the preferred bidder (Fraport-Copelouzos consortium) with respect to the tender process for the awarded concession of the management, operation and maintenance of 14 regional airports,

Fraport and Copelouzos in relation to the sale and transfer of a 10% participation stake in the Fraport Greece entities by Slentel to Marguerite Fund,

Sponsors on Maliakos-Kleidi Project Finance,