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Hogan Lovells Advises Alfa-Bank on a Benchmark RUB10bn 3-year 144A\RegS Rouble Eurobond


Hogan Lovells has advised the Alfa Banking Group on its RUB 10 billion Rouble Eurobond with a fixed interest rate of 8.625% per annum. Settlement of the transaction took place on 26 April 2013.

The Eurobond is listed on the Irish Stock Exchange and was issued under Alfa-Bank's US$5,000,000,000 LPN programme. This deal was a debut EuroRouble offering from a Russian privately-owned financial institution. A final orderbook of close to RUB19bn allowed the Alfa Banking Group to price the transaction with a coupon of 8.625 %, at the tight end of the price guidance. The Lead Managers and Joint Bookrunners were Citi, HSBC and Alfa-Bank.

The Hogan Lovells team acting for Alfa-Bank was led by partner and head of Moscow IDCM and restructuring practices, Michael Pugh, supported by associates of the capital markets practice Arthur Sanikidze, Andrew Robinson and Alexandra Dolinskaya. The Moscow team was supported by US colleagues, based in London, partner John Basnage and associate Jaime Huertas.

Commenting on the transaction Michael Pugh said:

"We are delighted to have advised Alfa Banking Group on its debut EuroRouble offering, being the strengthening of our relationship with Alfa-Bank, and look forward to advising the its Banking Group on future issues."

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