/KASE, February 20, 2019/ - Kazkommerts Securities (subsidiary of Kazkommertsbank)
(Almaty, Kazkommerts Securities in the headline), a member of the Kazakhstan Stock
Exchange (KASE), provided KASE with the following press release:
quote
Kazkommerts Securities, a subsidiary of Halyk Bank of Kazakhstan JSC, has become
a winner in the nomination " The Best Investment Bank in Frontier Markets in the
World for 2019" based on the results of the 20th annual survey of the Global
Finance international publication.
For the first time in the history of this nomination, an investment bank based
in Kazakhstan has won.
At present, frontier markets are located in Eastern Europe, Africa, Middle East,
South America and Asia. The largest frontier markets are Kuwait, Nigeria and
Argentina.
"This award is very special for us. This victory proves that our company can
compete on the investment market not only with local players but also with
regional ones," Chingiz Zhaksybek, chairman of board of Kazkommerts
Securities, says.
"Investment banking plays a key role in moving the world economy forward. Our
awards highlight the investment banks that stand out in delivering quality insight
and innovative deals that meet their clients rapidly changing needs," said Joseph
D. Giarraputo, publisher and editorial director of Global Finance.
The total volume of debt securities placed by Kazkommerts Securities in 2018
amounted to KZT216.4 bn, which means that the company covers more than 58% of the
market. A total of 12 bond issues of 5 issuers denominated in tenge were placed.
The most significant deal of Kazkommerts Securities over the last year was the
issuance and placement of three issues of bonds of the Eurasian Development Bank
worth KZT50 bn owing to the great interest of institutional investors as well as
market and competitive nature of the placement. In addition, Kazkommerts Securities
conducted issuance and participated in placing of Eurobonds of Development Bank
of Kazakhstan denominated in tenge on the London Stock Exchange and the Kazakhtan
Stock Exchange of the total face value of KZT100 bn. This information will be
released in the April issue of the Global Finance magazine. More detailed
information on Global Finance is available on
website
https://www.gfmag.com/
unquote
[2019-02-20]