The planned notes should qualify as an AT1 instrument in regulatory accounts due to a full coupon
omission option at Alfa's discretion and full or partial write-down in case of either Alfa's core equity tier 1 (CET1) ratio falling below 5.125% (versus the 4.5% generally required minimum) or the Central Bank of Russia (CBR) approving a plan for the participation of the Deposit Insurance Agency (DIA) or CBR in bankruptcy prevention measures in respect of the bank.
Elsewhere, fans of an accumulator will be out in force now there's nearly a full coupon
offer and plenty of punters will be adding Nottingham Forest (4-5) to their lines as Billy Davies's side face Huddersfield.
A DECENT-SIZED double on Durham and Kent, at 4-7 and 8-15 respectively with Stan James, the leaders of the two Championship Divisions, looks the best way to bet on this latest, full coupon
If the bond is not triggered, the investor receives full coupon
and principal payments over the life of the bond.