News

First Pound Eurobond Issue in CIS

12.12.2006 / Press-service

The Eurobond Issue in British pounds has been taken place for the first time in CIS history of bond issues. TuranAlem Finance B.V. issued bonds with 7.125% annual coupon rate and BTA as underwriter. Volume of placement is 200 million pounds. It was increased from originally announced 150 million pounds after successful non-deal road show. The bonds are placed by Deutsche Bank as a book-runner among more than 500 companies and can be repaid in 3 years after the placement.

"The decision to place Eurobonds in British pounds up to the end of 2006 was made by the Bank’s Board in the context of high demand from pound investors for instruments issued by Bank TuranAlem," – explained Sadyr Shaguzhayev, Head of Bank’s Debt Capital Markets Division.

The issue was carried out under the EMTN program with listing at London Stock Exchange.

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 reach US $12 billion, total equity capital exceeds US $1.6 billion. 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 for 2006-2015 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 – no less than 25%, in Russia – no less than 2%, in other countries – no less than 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.