OREANDA-NEWS. November 09, 2010. PJSC Alfa-Bank Ukraine paid the first tranche under its Loan Participation Notes (‘the notes’) in a par value of USD 105.1 million and coupon yield of USD 27.3 million, reported the press-centre of Alfa Bank.

Characteristics of the notes are as follows:

Aggregate Principal Amount: USD 840,633,000

Maturity: 30 July 2012

Rate of Interest: 13.00% fixed rate, calculated on the principal amount of the notes outstanding

Amortization Schedule: 8 equal installments paid quarterly starting 30 October 2010 and each quarter thereafter

ISIN: XS0441089926

Listing: Irish Stock Exchange

Johann Jonach, Chairman of the Supervisory Board of Alfa Bank Ukraine and Head of Alfa Banking Group, commented: "Alfa Bank Ukraine’s notes due 2012 are a liquid market instrument and in high demand, evidenced by the fact that they are currently trading significantly above their par value. Businesswise Alfa Bank Ukraine has now again embarked on a growth course which is also being supported by a recent significant increase in its capital base". During 2010, the Bank enjoys high short-term and adequate mid-and long-term liquidity.

The liquidity position has also been underpinned by a strong inflow of customer funds, one of the core sources of the Bank’s funding, and limited opportunities for new lending. The shareholders of the Bank continued to demonstrate their support. In particular, Alfa Bank Ukraine received a capital injection of USD 93 million in March 2010, and subordinated debt provided by Alfa-Group amounted to USD 249 million or 9% of total liabilities as of 30 June 2010.

Alfa-Bank Ukraine is a part of Alfa Group Consortium, one of the largest financial-industrial groups in Russia. The Bank continues its development as a universal bank with the following core business lines: corporate (including transaction business, trade finance and leasing) and retail (including overdrafts, credit cards, SME and VIP customers). The Bank maintains its position among the top-10 banks in Ukraine by total assets, capital, corporate loans, corporate customer accounts and retail loans.