Support The Moscow Times!
Contribute today

Alfa Bank Eyes Autumn Bond Floatation

By The Moscow Times

Russia's Alfa Bank might come to the bond market in September or October, according to Mike Lawrence, Alfa Bank treasurer.

"We completed a U.S. nondeal roadshow and an Asian one in the middle of July with positive investor feedback from both," said Lawrence. "We mentioned our intention to tap the market in September/October if market conditions permit. Our view has not changed and we will see what the market is like at that time."

The borrower has mandated JP Morgan, Goldman Sachs and Bank of America Merrill Lynch to arrange the dollar Tier 2 deal, according to two sources.

Alfa Bank's last bond was a 350 million euro three year note priced on June 4 and issued through its holding company, ABH Financial.

ABH Financial is rated BB- by S&P and BB+ by Fitch.

See also:

Russia to Use Pension Savings as Short-Term Budget Fix for Second Year

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more

high-profile case

Russia Detains Deputy Defense Minister Over Corruption Suspicions

Timur Ivanov has overseen the construction of Patriot Park and the Armed Forces cathedral outside Moscow as well as the reconstruction of Mariupol.
2 Min read
'duties to the homeland'

Ukraine Pushes Military-Aged Men To Return Home

The move would likely oblige Ukrainian men to return from abroad to undergo administrative procedures that were previously available abroad.
2 Min read
threatened strikes

Russia Vows to Attack Western Weapons in Ukraine

“We shall increase the intensity of strikes against logistics centers and storage facilities of the Western armament,” Defense Minister Sergei Shoigu...
1 Min read
prolonged detention

Russia Rejects U.S. Journalist Gershkovich’s Detention Appeal

Gershkovich, 32, a reporter for The Wall Street Journal, has been in Moscow's notorious Lefortovo prison for more than a year after he was arrested while...
2 Min read