Alliance bank till the end of the year intends to issue five-year eurobonds and to borrow one more syndicated loan

/INTERFAX-KAZAKHSTAN, Almaty, July 5, 05/ - Kazakhstan Alliance bank for the second half year planned to issue five-year eurobonds and intends during the same period to borrow one more syndicate loan. This was informed by director of international relations and borrowings department of Alliance bank Almira Akhmetkarimova at press conference on Tuesday in Almaty. Mentioned operations bank intends to execute in the frame of plan of borrowings at external capital markets accepted for 2005 in the volume up to $500 m. "For the second half of the year we plan to borrow one more syndicate loan and depending upon terms at external capital markets we plan to make one more issue of eurobonds", - she said. Along with this she added, "if debut issue of bank's eurobonds was three- year, the next is planned to be five-year". "Thus, we are sure, that till the end of this year we will borrow announced $500 m. due to various instruments, including issue of eurobonds", - department director told. Meanwhile exact terms ad volumes of new syndicated loan and second issue of eurobonds A.Akhmetkarimova refused to inform. In this connection participated at press conference bank's chairman of the board Zhomart Yertayev noted: "It is difficult now to structure and say what ratio will be for eurobonds and syndicated loan. Everything will depend upon situation at external markets." In the course of press conference evaluation of previous placement of Alliance bank's eurobonds and syndicated loan was given. "These transactions certify about high level of trust to Alliance bank not only inside the country, but also at external markets", - noted Zh.Yertayev. "This says about big trust to bank. This success was also due to bank's growing indicators", - added chairman of the board Citibank Kazakhstan Daniel Connelly, also participated at press conference. "Team of Alliance bank completed remarkable work. Despite big number of recently placed bonds from Kazakhstan at international capital markets, they (Alliance bank - IF-K) could successfully place eurobonds for $150 m., and interest, which was shoed towards them, was high. And we in HSBC Bank confidently look to future development of relations with Alliance bank", - announced in his turn at the same press conference chairman of the board of HSBC Bank Kazakhstan Ray Webber. As it was informed, Alliance bank in June of this year placed among institutional and private investors from Europe and Asia debut three-year eurobonds for $150 m. Bonds with coupon and 9% yield were placed by nominal value. Leading joint manager of transaction were HSBC and JP Morgan. Besides, in May of this year Alliance bank borrowed syndicated loan for the amount $80 m. This loan was borrowed for one year with prolongation option for the same period by the rate of interest LIBOR +2.20% APR. Organizers of loan were Citibank N.A. and ING Bank N.V. Alliance bank is one of the ten big banks of the republic. [2005-07-05]