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Alfa Bank considers dollar-denominated ECP deal: IFR
July 16, 2012 / 8:48 AM / 5 years ago

Alfa Bank considers dollar-denominated ECP deal: IFR

MOSCOW (Reuters) - Russia’s largest privately owned lender Alfa Bank mandated two banks to help arrange an issue of Eurocommercial paper (ECP), IFR, a Thomson Reuters news and market analysis service, said on Monday.

IFR said the Russian lender had mandated Goldman Sachs and UBS for the possible dollar-denominated deal with a 12-month tenor. The issue may follow this week and is a subject to market conditions.

Russian borrowers have already raised over $25 billion via Eurobond issues so far this year, more than in the whole of 2011.

Reporting by Katya Golubkova; Editing by David Holmes

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