Russia's largest private bank Alfa Bank plans to issue subordinated eurobonds worth at least $500 million in September, the bank's chief managing director told journalists Tuesday.
"We want [to do this] in September … but the question is how the situation will develop in September," Alfa Bank's Alexei Marei said at a news conference. "If there is a deal then it will be more than $500 million."
See also:
Cash-Strapped Russian Budget Plans Raid on Central Bank Profits
… we have a small favor to ask.
As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.
We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.
Continue
