Commentary & Deal Flow

JSC Alfa-Bank, rated BBB- / Ba1 / BBB- / AA+ (RU) (S&P (Stable) / Moody’s (Stable) / Fitch (Stable) / ACRA (Positive)), the largest privately-owned universal bank in Russia in terms of assets, loan portfolio and equity, has mandated Alfa-Bank, Goldman Sachs International and J.P. Morgan as Joint Lead Managers and Bookrunners to arrange a series of fixed income investor calls commencing tomorrow (11 November) and a Global Investor Call on 12 November at 14.00 UKT / 17.00 MSK / 09.00 EST. A US$-denominated Reg S/144A Basel III-based Perpetual non-call 5.5yr Additional Tier 1 issue by Alfa Bond Issuance plc is expected to follow, subject to market conditions. FCA/ICMA stabilisation applies.