Public joint-stock company Alfa-Bank (Kyiv) seeks to place bonds of Q, R and S Series for UAH 1.1 billion.

The National Commission for Securities and the Stock Market approved the bank's public offering at a meeting on September 5, 2017.

The securities with the face value of UAH 1,000 will be issued: 500,000 of Q Series, 300,000 of R and S Series each.

Other details of the bond issue are not disclosed.

Alfa-Bank was founded in 1993. ABH Holding also includes Alfa-Bank in Ukraine, Belarus, Kazakhstan, Russia and Amsterdam Trade Bank N.V. The subsidiaries of ABHH also carry out activities in Cyprus and the UK.

ABHH's current beneficiaries include Lviv-born Mikhail Fridman with 36.47%, Kyiv-born German Khan with 23.27%, who are now citizens of Israel and reside in London, the U.K. Other beneficiaries are Alexei Kuzmichev with 18.12%, Pyotr Aven with 13.76%, Andrei Kosogov with 4.08% (all are citizens of Russia residing in Moscow), and The Mark Foundation for Cancer Research with 4.3%.

Alfa-Bank ranked 10th among 88 operating financial institutions on July 1, 2017 in terms of assets (UAH 35.165 billion), according to the National Bank of Ukraine.