Moody's Investors Service присвоило евробондам АО "Цеснабанк" (Казахстан) рейтинг "В1"

/REUTERS, 25.01.07, заголовок ИРБИС/ - Международное рейтинговое агентство Moody's присвоило планируемым евробондам казахстанского Цесна-банка рейтинг "В1" со стабильным прогнозом. Согласно сообщениям банковских источников, ориентир доходности по трехлетним еврооблигациям определен на уровне 10,125 процента годовых. Объем выпуска неизвестен. Роуд-шоу выпуска, лид-менеджерами которого являются Citigroup и Dresdner Kleinwort, завершится 25 января в Лондоне. Ниже приводится оригинальный текст сообщения агентства Moody's. MOODY'S ASSIGNS B1 RATING TO TSESNA BANK'S SENIOR NOTES Moscow, January 25, 2007 -- Moody's Investors Service has assigned a B1 long-term foreign currency rating to the senior unsecured notes expected to be issued by Tsesna International B.V. (Netherlands), a direct wholly owned subsidiary of Kazakhstan's Tsesna Bank ("TSB", rated B1/NP/E+ with stable outlook). The outlook for the rating is stable. The issue will be unconditionally and irrevocably guaranteed by TSB, which is a first-time issuer in the international bond markets. The notes will be denominated in US dollars, with the amount, tenor and price of the issue yet to be determined. TSB's obligations under the guarantee will rank at least pari passu in right of payment with all its other senior unsecured obligations. According to the terms and conditions of the notes, TSB must comply with a number of covenants such as negative pledge, restrictions on distribution of dividends and maintenance of a total capital adequacy ratio of at least 12%. With regard to the latter, Moody's notes that the bank has continuously exceeded this level in recent years, but that it may be more difficult to achieve this under the current conditions of rapid asset growth, which accelerated to 104% in the first nine months of 2006, compared with 66% for the full year of 2005. In addition, an embedded rating trigger grants the noteholders a put option in the event that a merger or asset sale by TSB results in a rating downgrade. Moody's notes that, while the likelihood of any of the above-mentioned covenants being breached is relatively low at the present time, any such occurrence could potentially have adverse liquidity implications for the bank and might exert additional downward pressure on its ratings. Headquartered in Astana, Kazakhstan, TSB reported under IFRS unaudited total consolidated assets of KZT68.781 billion (US$541.1 million) and total shareholders' equity of KZT5.165 billion (US$40.6 million) as at 30 September 2006. The bank ranks as the twelfth-largest in Kazakhstan in terms of total assets. London Adel Satel ManagingDirector Financial Institutions Group Moody's Investors Service Ltd. JOURNALISTS: 44 20 7772 5456 SUBSCRIBERS: 44 20 7772 5454 Moscow Andrey Naumenko Vice President - Senior Analyst Financial Institutions Group Moody's Eastern Europe Telephone: +7 495 641-1881 Facsimile: +7 495 641-1897 [2007-01-25]