Gazprombank taps Swiss francs, Alfa Bank set to follow
Gazprombank Switzerland, the Russian bank's Swiss subsidiary, sold a three year Swiss franc bond on Wednesday, drawing strong demand. Fellow Russian financial Alfa Bank may also tap the Swiss franc market in the near future, with the issuer set to roadshow in November.
ABH Financial, the holding company of Alfa Banking Group, has mandated UBS to arrange a series of investor meetings in the country beginning November 14. A senior unsecured Swiss franc deal may follow.
Deutsche Bank and UBS priced Gazprombank’s Sfr200m ($219.3m) 2.375% December 2016 bonds at 217bp over
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