Halyk Bank of Kazakhstan obtains syndicated loan of $300 mln
/KASE, September 17, 2024/ – Halyk Bank of Kazakhstan JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release:
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On September 16th 2024, Joint Stock Company Halyk Bank of Kazakhstan ("Halyk Bank" or "the Bank") successfully signed its US$300mn Syndicated Term Loan, comprised of 1-year and 3-year tenor tranches.
This facility marks Halyk Bank's return to the international syndicated loan market for the first time since 2008. Through the new facility, which is available for general corporate purposes, Halyk Bank is able to further diversify its funding sources at attractive terms.
The transaction was launched at US$200mn, and upsized to US$300mn as a result of oversubscription. The facility was supported by 12 banks across North America, Europe, Middle East and Asia, demonstrating the international syndicated loan market's strong interest in supporting Halyk Bank's funding objectives. This landmark transaction symbolizes the re-opening of international syndicated loan market for Kazakh commercial banks since 2009.
Citi, Abu Dhabi Commercial Bank PJSC, and Commerzbank Aktiengesellschaft served as Bookrunners and Initial Mandated Lead Arrangers on the transaction. Citi also served as the sole Coordinator on the financing.
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The complete press release is available on:
[2024-09-17]