Alfa Bank reopens Russian bank market with new T2

By GlobalCapital
13 Nov 2014

Alfa Bank Russia priced a long awaited subordinated dollar deal on Thursday, pushing on with its first new style tier two despite a sharp fall in the rouble’s value and intensifying conflict with Ukraine.

The deal came a week after Gazprom priced the first international Russian benchmark since July. But Alfa had been planning its sale for months and was not pulled to market by a pathfinding corporate bond, said bankers on the deal.

Alfa Bank, Bank of America Merrill Lynch, Goldman ...

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