Alfa Bank plans tap of dollar tier 2 eurobonds due 2030

By Rebecca Melvin

New York, Nov. 21 – Alfa Bond Issuance plc plans to price a U.S. dollar-denominated tap of its subordinated tier 2 eurobonds due 2030 (expected rating: //BB), which are guaranteed by Alfa Bank JSC, according to market sources.

The 10.5-year notes are non-callable for 5.5 years.

J.P. Morgan Securities plc and Alfa Bank are marketing the Rule 144A and Regulation S notes, which will be listed on the Irish Stock Exchange.

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