EEMEA market round up: Alfa scores important first
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

EEMEA market round up: Alfa scores important first

Alfa Bank has become the first privately owned Russian bank to raise overseas funding in the post-credit crunch era.

The 12-month club facility totalled $307 million and attracted contributions from 21 foreign banks. The loan, Alfa’s 12th in the international syndicated loan markets, was priced at 60 basis points over Libor. "It is especially pleasant to note that the loan, despite the difficult global liquidity situation, was larger than last year’s club facility of $220 million," says Maxim Topper, head of international banking and financial institutions at the bank.

Gift this article