/KASE, January 29, 2025/ – ForteBank JSC (KASE ticker – ASBN) has announced the following:

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January 28, 2025

ForteBank, JSC announces the successful placement of Eurobonds in the amount of USD 400 mln with 5 years tenor. International rating agencies are expected to assign the issue the following ratings: Fitch (BB) / Moody's (Ba3). The issue will carry a coupon of 7.75%.

This placement was the first issue of Eurobonds from Kazakhstan private banks for the last 12 years and the first issuance in the modern history of ForteBank. The placement of Eurobonds was a significant step in the execution of the Bank's strategy aimed at strengthening its position in international financial markets and expanding financing opportunities. The raised funds will be used to support the Bank's strategic initiatives and lending to the real sector of Kazakhstan's economy.

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The full version of the press release in Kazakh, Russian and English is available at – see more

[2025-01-29]