Moody's affirms Ba3 rating to Alfa Bank Ukraine's upcoming Eurobond issue

Moody’s Investors Service announced yesterday it has assigned a long-term foreign currency rating of Ba3 to Alfa Bank Ukraine’s upcoming senior unsecured notes expected to be issued by Ukraine Issuance Plc, a UK-based special-purpose company. The notes will be issued on a limited recourse basis with the sole purpose of financing senior unsecured loans to Alfa Bank Ukraine. The tenor of the notes is expected to be five years with a put option after three years. The amount and interest rate will be determined by market conditions. The outlook for the rating is stable.