Russia’s Alfa Bank prices US$150 million Eurobond issue
27 Jan 2005
Moscow, 27 January 2005, Alfa Bank (Ba2/B/B+) earlier today launched and priced a US$150 million 2-year Eurobond transaction as a second drawdown under it’s US$400 million EMTN programme.
Merrill Lynch International and UBS Investment Bank acted as Lead Managers and Joint Bookrunners on the deal.
The transaction priced at 99.547%, at coupon of 7.75%, at yield of 8%.
The first US$190 million 1,5 year drawdown was placed in October 2004 (the coupon rate — 8%, yield to maturity — 8,375%).
The Programme is rated “” (S&P) and “Âŕ2” with stable outlook (Moody’s).
The preliminary ratings of the issue are: “” (S&P), “Â+” (Fitch) and Ba2 (Moody’s).
Alfa Banking Group is Russia’s largest private bank in terms of assets, branches, retail deposits and assets under management.
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