ATFBank JSC (Kazakhstan) successfully completed a deal on eurobonds issue for USD200 m. for 5 years, coupon is 8.125% APR
31.10.05 16:15
/ATFBank JSC, October 31, 05/ - In October of 2005 ATFBank issued
international bonds for USD200 m., maturity term is in year 2010.
Lead-managers of the issue are Deutsche Bank and HSBC.
Coupon rate is 8.125% APR.
Wihtin this issue ATFBank JSC held an auction on Kazakhstan Stock
Exchange Inc. in order to offer the Bank's Eurobonds to Kazakhstan
investors.
International bonds of ATFBankа have been assigned following ratings:
Moody's - "Ba1", S&P - "B+", Fitch - "B+".
Amount of order book exceeded USD200 m. and contained orders from 60
investors. Geographic spreading is as follows: Singapore - 28%, Great
Britain - 15%; Eastern Europe - 13%; Switzerland - 10%: Germany and
Austria - 7%, Hong Kong - 7%, Offshore American accounts - 5%, the other
part of Europe - 15%. By the number of investors, private banks/and
physical persons take - 35%, banks - 30%, fund managers - 25%,
insurance companies - 8%, other - 2%.
This is the fourth eurobond issue of ATFBankа on the international market.
Debut one, for US$ 100 млн. with 8.5% coupon, which is to be redeemed in
2007, which was organized by ING, was made in April of 2004, and the
second - for USD200 m. with 8.875% coupon, maturity date of which is in
year 2009 - was organized by CSFB and HSBC in November of 2004. In
April of this year there was made the third offering of international bonds for
USD200 m., maturity dater is in year 2012. Lead-manager of the seven-year
issue of ATFBankа is CSFB. Coupon rate on the bonds is 9.25% APR.
ATFBank JSC is a universal financial institution offering to its clients
services on leasing, insurance and pension provision, rendered by companies-
partners: ATF - Leasing, ATF-Policy and APF Otan. At present 18 branch
offices and 16 cash-settlement offices of the bank are functioning in
Kazakhstan. ATFBank has a bank-partner in Kyrgyzstan - Energobank
OJSC, and a representative office in Moscow and plans to purchase
commercial bank Siberia in Omsk.
ATFBank develops consumer crediting, finances big industrial ventures. It
pays a special attention on financing small and medium Kazakhstan
business, due to the Bank's funds as well as in cooperation with European
bank for reconstruction and development (EBRD), German Credit institution
for economic recovery (KfW), Asian Development Bank (ADB), The World
Bank (WB). ATFBank is the first financial institution of Kazakhstan, which
has received from EBRD authorities on independent management of small
and medium business crediting process. ATFBank is a participant of EBRD's
programs such as Trade Facilitation Program and Warehouse Receipt
Program, the bank also actively cooperates with international export credit
agencies.
The tight partner relations with leading foreign banks let make quick transfer
of funds around the world, serve cards VISA International, EuroСard/MasterCard,
American Express, issue full range of own VISA cards.
For 10 years of work ATFBank has achieved significant results in all spheres
of banking activity and has become a powerful financial group of companies
of modern type, in which over 2000 persons work and offer a wide range of
financial products and constantly expand the range and scales. ATFBank is
the fourth by assets financial institution of Kazakhstan. As of September 1 of
2005 the bank's assets were USD2 bn. 70 m., and equity capital is about
USD189 m. As regards bank's profit, it's about USD14 m.
Development of new directions of business, decreasing of expenses and
constant introduction of newest banking technologies - these are the tasks,
which the bank faces regardless of the level of achievements.
[2005-10-31]