News 14 November 2019

ABH Ukraine Limited successfully completed the issue of new Eurobonds amounting to USD 50 mln

November 14, 2019 - 13:00

On November 12, 2019, ABH Ukraine Limited, the majority shareholder of JSC "ALFA-BANK", which owns 90.1% of the bank's shares, registered the new Eurobond issue (ISIN XS2078674467) for a total principal amount of USD 50 million, with maturity date April 15, 2023 and quarterly coupon payments at the interest rate 9% per annum.

The Eurobonds were issued pursuant to the rules specified by the Regulation "S" of the United States Securities and Exchange Commission and listed on the Frankfurt Stock Exchange.

This is the seventeenth Eurobond issue completed by ABH Ukraine Limited since the beginning of 2015, which proves the strong demand from investors in the financial instruments offered by the companies of the international investment holding ABH Holdings S.A. As of the publication date, there were 11 issues of ABH Ukraine Limited in circulation, including two issues in euro and nine issues in USD, six issues have been repaid.

 

News 15 October 2019

Alfa-Bank Ukraine and Ukrsotsbank have merged

October 15, 2019 - 15:51

The united team of Alfa-Bank Ukraine and Ukrsotsbank has successfully completed the merger of balance sheets and technical activities related to the merger of Ukrsotsbank with Alfa-Bank Ukraine.

Alfa-Bank Ukraine has become the full successor of all rights and obligations of Ukrsotsbank in relation to its customers, partners and counterparties.  On October 15, 2019 the transfer deed was approved by the resolution of the general meeting of shareholders of Alfa-Bank Ukraine and by the resolution of the sole shareholder of Ukrsotsbank. All legal procedures related to the merger and termination of activities of Ukrsotsbank will be completed by the end of this year.

The increase in the authorized capital of the bank and the issue of shares of the bank in order to convert the shares of Ukrsotsbank have been approved by the resolution of the general meeting of shareholders of Alfa-Bank Ukraine.

“For two and a half years, our united team has worked hard to merge two large banks. Thanks to the weighed decisions and support of shareholders, competence of the team and support and trust of customers and partners, this merger has become the most successful example of effective synergy between two different financial institutions, and we are starting a new history of leadership in the national banking market. Now we are a single entity with strong expertise, best practices and ambitious goals,” said Viktoria Mykhailo, Chairwoman of the Management Board of Alfa-Bank Ukraine.

The reorganization of financial institutions by merging Ukrsotsbank with Alfa-Bank Ukraine is carried out according to the simplified procedure provided for by the Law “On simplifying the procedures for the reorganization and capitalization of banks” in accordance with the permission of the National Bank of Ukraine dated September 12, 2019.

 

News 25 September 2019

Rating agency Fitch Ratings affirmed the ratings of Alfa-Bank Ukraine

September 25, 2019 - 16:00

On September 24, 2019, rating agency Fitch Ratings affirmed the international scale long-term and short-term ratings of Alfa-Bank Ukraine at B-/B/Stable as well as its viability and support ratings. The viability rating was placed on Rating Watch Positive.

At the same time, Fitch Ratings recalibrated the national scale. As a result, the Bank was assigned an investment grade rating at BBB+(ukr).

The current international scale ratings and support rating reflect Fitch's view that the Bank would likely be supported, in case of need, by its shareholders.

Fitch Ratings will assess the anticipated positive impact from Ukraine's improving operating environment on the Bank's standalone credit profile and resolve the Rating Watch Positive on the viability rating accordingly.

 

News 27 June 2019

Alfa-Bank Ukraine shareholder ABH Ukraine Limited successfully completed the issue of new Eurobonds amounting to EUR 50 million

June 27, 2019 - 17:58

On  June 26, 2019, ABH Ukraine Limited, the majority shareholder of JSC "ALFA-BANK", which owns 90.1% of the bank's shares, registered the new Eurobond issue for a total principal amount of  EUR 50 million. The maturity date is July 6, 2021 (ISIN XS2018607098, tenor of 2 years). Coupon rate for the issue is 6.75% per annum paid quarterly. 

The Eurobonds were issued pursuant to the rules specified by the Regulation "S" of the United States Securities and Exchange Commission and listed on the Frankfurt Stock Exchange.

This is the sixteenth Eurobond issue completed by ABH Ukraine since the beginning of 2015, which proves the strong demand from investors in the financial instruments offered by the international banking group Alfa, represented by ABH Holdings S.A.