OREANDA-NEWS. November 15, 2010. The Alfa Banking Group announced the planned redemption of the USD225 million 8.625% Loan Participation Notes due 2015 issued in 2005 by Alfa Bond Issuance plc for the sole purpose of financing a subordinated loan to Open Joint-Stock Company "ALFA-BANK" (the "Notes"), reported the press-centre of Alfa-Bank.

It is intended that the Notes will be redeemed on December 9, 2010 (the "Reset Date") at a redemption price of 100 per cent. of the principal amount of the Notes together with unpaid interest accrued for the period starting from June 9, 2010 to, but excluding, the Reset Date.