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Alfa Bank Plans $500 Million Eurobond Float Despite Ukraine Tensions

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

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