Demand for Alpha Bank's new three-year tops 1bn

Thu Jun 12, 2014 5:35am EDT

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LONDON, June 12 (IFR) - Investor demand for Alpha Bank's three-year senior unsecured bond issue is in excess of 1bn, according to a lead manager.

The Caa1/CCC/B- rated bank began marketing the transaction on Thursday morning at 3.75% area via Citigroup, HSBC, JP Morgan and Mediobanca. Guidance is unchanged and it is expected to price today. (Reporting by Helene Durand; Editing by Philip Wright)

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