Alfa Bank established the Euro Medium Term Notes (MTN) Programme
22 Jun 2004

The Programme allows to issue notes with different maturities both with fixed and floating rates.

The Programme amount is 400 million USD, i.e. at any time outstanding amount of the notes floating in the market can not exceed 400 million USD.

The issuers under the Programme are Alfa MTN Issuance Limited (Cyprus) and Alfa MTN Markets Limited (Cyprus). ONJC "Alfa Bank" and ABH Financial Limited (BVI) act as the guarantors.

Merrill Lynch International and UBS Investment Bank act as the dealers and joint arrangers of the Programme. The Programme has been rated B by Standard and Poor's and Ba2 by Moody's.

The placement of the notes may start in 2004.

In November 2002 Alfa Bank placed the second issue of 3 years Eurobonds in the amount of 175 million USD. The yield to maturity at the placement was 10,95%. Merrill Lynch International and UBS Investment Bank acted as lead managers and arrangers of the issue.

In June 1997 Alfa Bank placed the first issue of 3 years Eurobonds in the amount of 175 million USD with the coupon of 10,375%. Lead manager of the issue was Goldman Sachs International, paying agent - Bank of New York.

Alfa-Bank Russia

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 presence in Cyprus, the United States and 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 Russia, founded in 1990, has developed rapidly to become one of Russia's largest privately owned banks. It provides a full range of banking services — corporate banking, retail banking, investment banking, asset management and trade finance. In 2010, Alfa-Bank Russia had 364 branches over nine time zones in Russia, the Netherlands and the United Kingdom, also had presence in the United States and Cyprus.

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