Alliance Bank JSC (Kazakhstan) offers 7-year eurobonds at $350 m.

/REUTERS, London, title of IRBIS, September 15, 06/ - Kazakhstan Alliance-bank conducted pricing of 7-year eurobonds at $350 m., informed Credit Suisse и JP Morgan, which acted as lead managers. Offering price was set at the level of 98.743 percent from the face value, coupon rate - 9.25% APR, which supposes yield to maturity at the level of 9.50% APR. Spread to U.S. Treasuries with maturity in 2011 totaled 475 basis points. Eurobonds are issued by SPV-company ALB Finance B.V. in the context of an earlier confirmed program of offering of medium-term notes (MTN) at $1.5 bn. Alliance-bank was assigned "Ba2" rating by Moody's Investors Service and "BB-" by agency Fitch Ratings. [2006-09-15]