/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:
quote
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.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/HSBK/hsbk_relizs_170924_1.pdf – in Russian;
-
https://kase.kz/files/emitters/HSBK/hsbk_relizs_170924_en.pdf – in English.
[2024-09-17]