JSC "Bank TuranAlem" redeems five-year Eurobonds 100.000.000,00 USD worth30.05.2007
On May 29, 2007 JSC "Bank TuranAlem" promptly and fully redeemed Eurobonds with total amount of 100 mln. dollars USA.
Eurobonds were issued by TuranAlem Finance BV company (100% stock owned by BTA) on May 29, 2002. Bank TuranAlem acted as a Guarantor for such issue.
Standard interest rate on these bonds is 10%, distribution cost comprising 99,01%. Deutsche Bank acted as a lid-manager of the issue.
JSC "Bank TuranAlem" (BTA) is one of the largest banks and a leader on establishment of the banking network in the territories of CIS countries. By Q1 2007 bank’s consolidated assets comprised more than $19,4 bln, shareholders’ equity - $2 bln. Bank’s CIS assets consolidation is planned for 2007 with their increase up to 50 bln USD till 2015. The bank plans a geographical diversification and enlarging of banking products range as well as stable and dynamic growth of the main indices.
Bank TuranAlem existing in CIS countries and foreign countries expands its existence in CIS countries; there is a network of banks – BTA’s strategic partners which expand to Ukraine, 4 regions of Russia, Byelorussia, Georgia and Armenia. BTA’s representative offices are operating in Russia, Byelorussia, China, Kyrgyzstan, Tajikistan and United Arab Emirates.