The Alfa Banking Group has successfully closed a USD 105.5 mln Euro-Commercial Paper issue

On July 10, 2015 Alfa Banking Group successfully placed another tranch of Euro-Commercial Papers (ECP) in the amount of USD105.5 mln for 364 days with money market yield of 3.75% per annum. This transaction was a part of USD 1.4 bn Reg S Euro-Commercial Paper Programme.

Alexei Tchoukhlov, Chief Financial Officer and Deputy Chairman of the Executive Board, has commented: «There were no new debt issues from Russia and CIS region for quite a long time. However despite the macroeconomic concerns and continuously challenging market environment we managed to harvest enough demand at a very attractive price. The investors clearly demonstrated their confidence in Alfa Banking Group’s high credit quality and high-grade risk management. We hope that this deal may become a benchmark for investors and issuers on the capital markets across the EM region».

Arranger and Dealer of the issue is UBS Limited.