Alfa Bank opens tier 2 book

Alfa Bank opens tier 2 book

Published: November 13, 2014

Russian bank taps international investors with subordinated issuance.

Alfa Bank is offering investors a rare opportunity to buy new debt from a Russian lender, opening the book on a subordinated bond.

In a statement, the bank’s management team said the bank’s capital adequacy ratios were strong, but that it wants to increase its capital buffer. “The deal size will be determined based on investor demand and its pricing parameters,” the statement added.

Alfa Bank itself is running the tier 2 deal, alongside fellow managers and bookrunners Goldman Sachs, JP Morgan, Bank of America Merrill Lynch and UBS.