Commentary & Deal Flow

JSC “ALFA-BANK”, the largest privately-owned universal bank in Russia in terms of assets, loan portfolio and equity, rated BBB-/Ba1/BB+/AA+(RU) (Fitch/Moody’s/S&P/ACRA, all outlooks Stable), has mandated Alfa-Bank and J.P. Morgan as Joint Lead Managers and Bookrunners to arrange a Global Investor Call today (13 April) at 14.00 UKT / 16.00 MSK / 09.00 NYT followed by a series of fixed income investor calls commencing on 13 April. A US$-denominated Reg S/144A Basel III-based 10.5yr non-call 5.5yr Tier 2 issue by Alfa Bond Issuance plc will follow, subject to market conditions. FCA/ICMA Stabilisation applies