Halyk Finance successfully organizes Kazakhstan’s first ever issue of ruble bonds RU000A0JZS34 of KTZ Finance
09.06.17 17:56
/KASE, June 9, 2017/ – Halyk Finance (Almaty), an organizer and a seller of the
subscription to international bonds RU000A0JZS34 of KTZ Finance, issued
under a guarantee (surety) of National Company Kazakhstan Temir Zholy
(Astana), has provided a press release dated June 9, 2017 to Kazakhstan Stock
Exchange (KASE) as follows:
quote
On June 8, National Company Kazakhstan Temir Zholy (KTZh) successfully
placed (through KTZ Finance) its debut 5-year RUB international bond issue with
a total nominal value of RUB15 bn (about $264 m) and a dual listing on MOEX
and KASE.
The initially announced benchmark for the coupon rate was determined 8.85%-
9.15% per annum. The orders were collected simultaneously on MOEX and
KASE, and three hours past the collection the total order book exceeded RUB27
bn, which significantly reduced the coupon rate benchmark to 8.75%-9.00% per
annum. The final benchmark was set at 8.75% per annum, which corresponds to
the yield to maturity at the same level.
This unique innovative deal is truly successful, becoming Kazakhstan’s first
ever issue of bonds in the Russian market and the CIS’s first ever corporate
issue of the foreign issuer in the Russian market.
The impressive interest of investors during the collection of orders was the
result of trust in KTZ as a high-quality issuer with a strong credit history,
as well as the thorough and painstaking work carried out by KTZ and the
organizers of the deal, one of which was Halyk Finance.
"We are very pleased to note the fact that KTZ once again chooses Halyk
Finance as an organizer of their deals, which become breakthrough and unique
not only for the company itself, but for the entire domestic securities market."
Let me remind you that the debut deal to issue and place KTZ KZT bonds with a
maturity of 10 years for a total of KZT50 bn in April 2016, for which Halyk
Finance acted as a Single Financial Consultant and Underwriter, was recognized
as a winner of a prestigious award The Best Sub-Sovereign Bond in EMEA
according to EMEA Finance. In addition, earlier in June 2014, KTZ successfully
placed 2 tranches of debut Eurobonds in Swiss francs. This deal, for which Halyk
Finance also acted as a joint organizer, was Kazakhstan’s first ever public bond
issue in Swiss francs, and KTZ became Kazakhstan’s first ever issuer going
Swiss," Chairman of the Management Board of Halyk Finance Arnat Abzhanov
said, adding that "the latest deal is not only an excellent continuation of the
credit history of the company with a very low-cost financing under the current
market conditions, but it also opens new opportunities for all other Kazakhstan
issuers by diversifying their funding base and using the Russian market as an
alternative and very attractive platform for debt capital raising."
Sanzhar Ospanov
Financial Counseling and Underwriting of Halyk Finance JSC
www.halykfinance.kz
Tel .: + 7 (727) 357 31 77
PR of Halyk Bank of Kazakhstan JSC
www.halykbank.kz
Tel. +7 (727) 259 08 16
unquote
[2017-06-09]