Development Bank of Kazakhstan will issue bonds at external market

07.05.02, 00:00
/REUTERS, London, May 7, 02/ - State Development bank of Kazakhstan appointed UBS Warburg as a lead-manager of floatation of international debt obligations, informed the investment bank on Thursday. Planned issue will be come the first for Development Bank. At the beginning of March the bank founded in the year 2001 for financing of middle- and long-term projects in Kazakhstan attracted 1.5 billion tenge at an auction of Kazakhstan stock exchange (KASE) through the issue of five-year coupon bonds. In the spring of this year two largest Kazakhstan private banks also entered international bonds market. In the end of April five-year eurobonds for the amount of $150 million were issued by Kazkommertsbank. The floatation of bonds of bank TuranAlem for the amount of $100-200 million is anticipated this week. [2002-05-07]