Alfa-Bank Ukraine Repaid 2 Tranches of Syndicated Loan
16 Oct 2009

Alfa-Bank Ukraine has fully and in time redeemed 2 tranches of syndicated loan in the amount of US $23.5 mln and EUR 26.935 mln.

Despite the liquidity crisis in the global financial markets Alfa-Bank Ukraine raised funds at the low interest rate of LIBOR + 200 bps per annum for the US Dollar tranche and EURIBOR + 200 bps for the Euro tranche. This loan was granted by the foreign banks’ syndicate in October 2008 for a term of 364 days.

The proceeds of the loan were used by Alfa-Bank Ukraine to finance its customers’ cross-border trade transactions. Banco Internacional do Funchal, S.A. Bayerische Landesbank, GarantiBank International N.V. and HSBC Bank Plc were initial mandated lead arrangers and bookrunners of the transaction.

Alfa-Bank Ukraine has always been a reliable and stable partner for all of its clients and foreign investors. In May 2009, Alfa-Bank Ukraine fully repaid US $100 mln Eurobond, in August the Bank successfully completed the transaction of Eurobonds exchange having got a significant support and interest on the part of its investors. Within a year period the Bank doesn’t have any major external payment obligations to foreign investors.

Alfa-Bank Ukraine

Alfa-Banking Group includes Alfa-Bank Russia which is today one of the largest privately owned banks in Russia. It also includes Alfa-Bank Ukraine, one of the top-ten largest banks in Ukraine. Alfa-Banking Group also comprises  banks in the Netherlands, in Belarus and in Kazakhstan as well as representative offices in Cyprus, the United States and in the United Kingdom. The Group offers a wide range of products and operates in all sectors of the financial market, including corporate and retail lending, deposits, payment and account services, foreign exchange operations, cash handling services, custody services, investment banking, trade finance and other ancillary services to corporate and retail customers.

Alfa-Bank Ukraine, registered in Ukraine in January 2001, ranks among the top-ten largest banks and is one of the most dynamic privately-owned banks in Ukraine.  Alfa-Bank Ukraine operates in all key sectors of the banking sphere.

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