The Russian CBR normatives on the capital adequacy

On 1st of September 2017
N1.1 Core tier 1 capital 7.548
N1.2 Tier 1 capital 8.859
N1.0 Total capital 10.851

On the 3rd of November 2016 Alfa Banking Group has completed the issuance of Perpetual Non-Call 5,25 USD400 mln Eurobond (PerpNC5,25). The Central Bank of the Russian Federation has approved the inclusion of the corresponding USD400 mln perpetual subordinated debt into Alfa-Bank Tier 1 capital (N1.2) on 17 November 2016.

On 23rd of December 2016 Alfa Banking Group has completed the issuance of a USD300 mln tap of that Eurobond. The Central Bank of the Russian Federation has approved the inclusion of the corresponding USD300 mln perpetual subordinated debt into Alfa-Bank Tier 1 capital (N1.2) on 16 January 2017.

On 3rd of February 2017 these two issues consolidated and form a single Eurobond of USD700 mln.