Russia's Alfa Bank Appoints Merrill Lynch and UBS Warburg for Proposed Eurobond Issue
24 Apr 2002

The Bank said that provided market conditions continued to be favourable it envisaged a Eurobond offering as soon as practicable. UBS Warburg was mandated as ratings advisor.

Alfa Bank last tapped the international bond markets in July 1997 with a US $175 million three-year issue, which was fully repaid on maturity in 2000.

Alfa Bank is the largest private bank in Russia with assets of US $2.7 billion and shareholder equity of US $278 million. The Bank reported record profits in 2001 of US $85 million.

Alfa-Bank Russia

Alfa-Bank, 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. The Bank has 229 branches over nine time zones in Russia, Kazakhstan and the Netherlands and subsidiaries in the United Kingdom and the United States.

SEARCH