2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2001 
January February March April May June July August September October November December 

Kazakhstan Biggest Eurobond Transaction Terminates

23.01.2007 / Press-service

The biggest Eurobond transaction of Kazakhstan has been terminated. Final documents for US$1 billion Eurobond issue have been signed. Funds have been accepted at the bank’s correspondent account.

According to Head of Debt Capital Markets Division Sadyr Shaguzhayev, "this transaction has increased the trust of investors to Kazakhstani banking sector. The success of the transaction will have an absolute favourable effect on other transactions of the other Kazakhstani banks which follow us at the market."

TuranAlem Finance B.V. – subsidiary of Bank TuranAlem – has placed two bond tranches in US dollars for a total of $1 billion. The first 30-year tranche was placed for $750 million at the rate of 8,375% per annum, and the second two-year tranche was placed for $250 million at LIBOR+137,5 b.p. The major buyers of the bonds are American investors. Investors from Europe and Asia have also acquired a part of Eurobond issue.

JP Morgan и Credit Suisse are the organizers of the Eurobond issue.
The Eurobond issue was held under the Global Medium Term Note program.

JSC Bank TuranAlem is the core of financial group covering all market segments. BTA is a backbone bank of Kazakhstan, a leader in development of banking network through CIS. BTA assets exceeded US $14.4 billion and total equity capital was nearly US $2 billion as of the beginning of 2007. Bank TuranAlem takes absolute leading position in Kazakhstan in terms of trade finance, small and medium business financing, and mortgage. The Bank’s strategic objectives until 2015 imply to reach leading positions in Kazakhstan and other CIS markets in segments of retail banking, small and medium business, corporate banking, and to obtain market shares in Kazakhstan – minimum 25%, in Russia – minimum 2%, in other countries – minimum 5%. The Bank plans to consolidate its total assets and increase it by 2010 up to US $25 billion, and by 2015 – up to US $50 billion.