/KASE, January 30, 2019/ – Halyk Savings Bank of Kazakhstan (Almaty),
whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release of January 30, 2019:
quote
Joint Stock Company Halyk Savings Bank of Kazakhstan ("Halyk Bank") (LSE:
HSBK) has decided to partially prepay its USD 750,000,000 Eurobond issue
bearing 5.5% coupon rate due 2022 (the Notes). The partial prepayment will be
made for the amount of USD 200,000,000 on 1 March 2019 together with the
interest accrued but unpaid. The partial prepayment will be made to bondholders
proportionally to their holdings of the Notes. The prepayment will be made in
accordance with the Terms and Conditions of the Notes (Condition 8 (с)
"Redemption at the option of the Bank"). The respective notice has been sent to
noteholders via clearing systems.
This partial prepayment will allow the Bank to optimize its capital and funding
costs utilizing the excessive USD liquidity of the Bank.
unquote
The full press release is available on KASE website at
http://kase.kz/files/emitters/HSBK/hsbk_reliz_300119_en.pdf
[2019-01-30]