Halyk Savings Bank of Kazakhstan announces planned full early redemption of international bonds XS0867478124, XS0867573890 (BTASe16)
/KASE, January 27, 2021/ – Halyk Savings Bank of Kazakhstan (Almaty),
whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release dated January 27, 2021:
Joint Stock Company Halyk Savings Bank of Kazakhstan ("Halyk Bank") (LSE:
HSBK; KASE: HSBK, HSBKd; AIX: HSBK, HSBK.Y) has decided to make full
prepayment of its USD 750,000,000 Eurobond issue bearing 5.5% coupon rate
due 2022 (the Notes). The full prepayment will be made for the amount of USD
248,012,457 on 1 March 2021 together with the interest accrued but unpaid. 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 full prepayment will allow the Bank to optimize its capital and funding
costs utilizing the excessive USD liquidity of the Bank.