trending Market Intelligence /marketintelligence/en/news-insights/trending/I859nPgyska4Z6pkTQkh_Q2 content esgSubNav
In This List

ALFA-BANK closes $300M Basel III-compliant eurobond issuance

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic

Blog

Banking Essentials Newsletter: October Edition


ALFA-BANK closes $300M Basel III-compliant eurobond issuance

JSC ALFA-BANK on Dec. 20 closed a $300 million Basel III-compliant subordinated perpetual eurobond issue.

Ireland-based Alfa Bond Issuance Plc issued the notes, which were 1.5x oversubscribed. The bank said the issue will be included in its sources of additional capital, following central bank approval.

Parameters of the issuance correspond with those on a $400 million offering of eurobonds that the lender finalized in November, the first public offering of Basel III-compliant eurobonds by a Russian financial institution. The notes carry a fixed coupon of 8% and have a first call option Feb. 3, 2022.

Alfa­Bank and UBS Ltd. organized the issuance.