LONDON -- The dam surrounding Russian international bond issuance sprung another leak on Nov. 12 after private lender Alfa-Bank started marketing a subordinated Tier 2 US dollar denominated bond at 9.50%-9.75%.
Reuters: Russia’s Alfa-Bank takes the plunge
Alfa-Bank's existing old-style subordinated bond, a US$750m note due in 2019, was trading at a yield of 8.29% on Nov. 12, according to Tradeweb.
