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Today Alfa Banking Group successfully placed a Basel 3 compliant 10.25NC5.25 subordinated eurobond issue in the amount of USD250 mln with an interest rate of 9.5% per annum, at the bottom level of the initial guidance. The Loan Participation Notes were issued by an Irish SPV Alfa Bond Issuance plc under RegS and Rule 144A.
The deal has become the longest among Russian issuers since summer 2014. It is also the first subordinated deal on the market since summer 2014.
The issue will be fully included into
Alexei Tchoukhlov, Chief Financial Officer and Deputy Chairman of the Management Board, has commented: «We are satisfied by investors’ demand and consider that this issue was placed successfully given challenging market environment. Despite macroeconomic concerns,