Alfa Bank (Ukraine) issues $150 mln in Eurobonds

Alfa Bank’s first deal to place a pool of three-year Eurobonds worth $150 mln was completed on July 12. This transaction is part of the bank’s Loan Participation Notes Issuance program, which is the only program of its kind in Ukraine. The program facilitates the consolidation of separate note issues for a total of $1 bln and has been assigned a long-term foreign currency rating of Ba3/NP by Moody’s Investor Services.

The Eurobonds were placed with a 9.25% yield. The issuer is Ukraine Issuance Plc, a company established under the laws of the United Kingdom and the funds raised will be used to finance the expansion of Alfa Bank’s loan and investment portfolio.

A road show was held in Great Britain and in Switzerland, with UBS Investment Bank as the book runner and lead manager of the issue.

This bond issue (which took place in January-February 2007) has added to the success of Alfa Bank’s initial Eurobond placement in December 2006, which was in the amount of $345 mln.

Investor Relations