ATFBank OJSC (Kazakhstan) has postponed international bonds issue
22.09.03 00:00
/KASE, September 22, 03/ - ATFBank OJSC (Almaty), whose securities are
circulating in the official "A" listing category of Kazakhstan stock exchange
CJSC (KASE), has notified KASE about the fact that the announced before debut
issue of the bank's international bonds was postponed in accordance with the
appeared unfavorable market conditions.
According to the bank's information the decision was made after holding of
preliminary meetings with a number of investors in Switzerland and Great
Britain. The bank intends to discuss the question about international bonds
issue again as soon as the situation at the market allows to achieve maximum
acceptable terms of the borrowing.
According to the bank's information it has "Ва1" rating from the rating agency
Moody's Investors Services and "В+" - from Fitch Ratings, total sum of its
assets exceeds USD500.0 m.
[2003-09-22]