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December 10, 2001
ABH Holdings S.A.

Alfa Bank to issue Eurobond next year and roll out new retail banking operation

Chairman of the Board Mikhail Fridman told a Moscow news conference that the Bank planned to launch a new Eurobond in 2002 following its success in closing a new US$20 million unsecured syndicated loan in London last week. "This loan was at very competitive rates," Fridman said. "It tells a...

TAG: Financial Services

December 07, 2001
ABH Holdings S.A.

Alfa Bank signs US $20 million syndicated loan - biggest unsecured Russian financing since 1998 Russian financial crisis

The Facility Nine banks from eight different countries underwrote the short-term facility, which was priced at 375 points over LIBOR and arranged by Standard Bank London Limited. "Alfa Bank is once again taking the lead in the international capital markets," says CEO Alex Knaster....

TAG: Financial Services

December 03, 2001
Alfa Group Consortium

"MOODY'S upgrades foreign currency issuer ratings of Tyumen Oil Company to Ba3"

Moody's Investors Service has upgraded the foreign currency issuer ratings of Tyumen Oil Company ("TNK") from B2 to Ba3. The action follows the upgrade of Russia's foreign currency country ceiling from B2 to Ba3. The rating is stable. The local currency issuer rating for TNK remains at Ba2, with...

TAG: Other

November 27, 2001
VimpelCom Ltd.

UPDATE 2-Flood of new users swells Vimpelcom's Q3 profit.

Fledgling operations in largely untapped markets outside of Moscow also pitched in healthy user numbers. But Vimpelcom officials said the expensive regional rollout project had knocked down profits and margins and said it would continue to do so until the end of next year. The company, which...

TAG: Telecommunications