27 Nov 2013 20:05

Alfa-Bank postpones 10 bln ruble bond placement indefinitely

MOSCOW. Nov 27 (Interfax) - Alfa-Bank has postponed placement of 10 billion rubles in exchange bonds (Series BO-05) indefinitely, the bank said in a statement.

Public placement of the three-year bonds on MICEX was previously scheduled for November 29.

Bids from investors were accepted until November 27. The guidance for the first semiannual coupon was 8.00%-8.25% annually, corresponding to a yield of 8.16%-8.42%.

Alfa-Bank was the 7th biggest Russian bank by assets as of the end of the third quarter of 2013 according to the Interfax-100 ranking compiled by the Center for Economic Analysis.