Alfa to test appetite after Russian bank bloodbath

By Virginia Furness
18 Jan 2018

Alfa-Bank will be the first Russian privately owned bank to test demand for additional tier one (AT1) securities since the write-down of capital bonds from Otkritie and Promsvyazbank.

Three Russian private banks — B&N, Otkritie and Promsvyazbank — were taken over by the Central Bank of Russia’s (CBR) Banking Sector Consolidation Fund in the second half of last year, with holders of both old style and new style tier one bonds losing everything. Now Alfa-Bank is asking ...

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