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Kazakh TuranAlem sees eurobond in Q1-Q2 of 2004

ALMATY: Kazakh TuranAlem eyes $245 mln syndicated loan

ALMATY: Kazakh TuranAlem bank H1 '03 profit up slightly

ALMATY: Almaty Merchant Bank set to launch eurobond in Sept

LONDON, May 28, TEXT-S&P assigns ratings to TuranAlem's proposed dlr bond
Standard & Poor's Ratings Services said today it assigned its 'BB-' senior unsecured debt rating to a seven-year, U.S. dollar-denominated guaranteed bond to be issued by Kazakhstan-based Bank TuranAlem (BTA; BB-/Stable/B) through a Netherlands-based special purpose vehicle, TuranAlem Finance B.V. on June 2, 2003. The amount of the issue will be $225 million. The bond issue is guaranteed by BTA

NEW YORK: Moody's rates TuranAlem Finance notes Baa3
Moody's Investors Service has assigned a rating of Baa3 to the upcoming issue of senior unsecured notes by TuranAlem Finance BV. The outlook is stable

Germany: 7.825% Eurobond due June 2010
On May 21, 2003, ABN AMRO Bank N.V. and Merrill Lynch launched the USD 225 million 7-year Reg S/144A Eurobond for Bank TuranAlem ('BTA'), the second largest bank in Kazakhstan, on the back of strong market conditions and a successful international road-show. The transaction represented BTA's third international bond offering, after the '04 and the '07 offerings, and BTA's first issue for that year. As BTA's longest financing to date, this issue offered the lowest coupon ever achieved by BTA (more than 2% lower than the previous) and an effective extension of the bank's yield curve. A healthy order book resulted in upsizing of the transaction from the original target of USD 150 million, while maintaining more-than-two and half times over-subscription. The bond attracted a wide audience of investors. Fund Managers and Asset Managers represented approximately 50% of demand, with Banks and Retail filling out the balance

LONDON: Kazakh bank TuranAlem starts bond roadshow-traders

ALMATY: Kazakh TuranAlem bank said eyeing $300 mln Eurobond

TABLE-Kazakh TuranAlem 2002 net profit triples to $32 mln
The net profit of Bank TuranAlem, one of Kazakhstan's largest banks, tripled to 4.898 billion tenge ($32 million) last year from 1.591 billion tenge in 2001, the Kazakhstan Stock Exchange (KASE) said on Wednesday

S&P raises Bank TuranAlem ratings
Standard & Poor's Ratings Services said today it raised its long-term counterparty credit and certificate of deposit ratings on Kazakhstan-based Bank TuranAlem (BTA) to 'BB-' from 'B+'. The outlook is stable