Fitch присвоило окончательный рейтинг "В+" евробондам банка Каспийский

/REUTERS, 13.10.05/ - Международное рейтинговое агентство Fitch Ratings присвоило окончательный рейтинг "В+" евробондам казахстанского банка Каспийский на сумму $150 миллионов, говорится в сообщении агентства. Доходность еврооблигаций с погашением в октябре 2008 года составляет 7,875 процента годовых. Рейтинг еврооблигаций находится на уровне долгосрочного рейтинга банка. Ниже приводится полный текст сообщения агентства Fitch Ratings на английском языке. FITCH ASSIGNS FINAL 'B+' RATING TO BANK CASPIAN'S EUROBOND Oct 13 - Fitch Ratings has today assigned Kazakhstan-based Bank Caspian's ("Caspian") USD150 million 7.875% eurobond, due October 2008, a final Long-term B+' rating. Caspian is rated Long-term 'B+' with a Stable Outlook, Short-term B', Individual 'D', and Support '5'. The notes are to rank at least pari passu with the claims of other unsecured creditors of Caspian, save those preferred by relevant legislation. Covenants prevent Caspian entering into transactions of USD1.5 million or more on other than market terms, restrict dividend payments to 50% of net income, and oblige the bank to maintain a total capital ratio of at least 13%, as calculated in accordance with the Basel recommendations. The terms and conditions of the notes also contain a cross default clause and a negative pledge clause, the latter of which allows for a degree of securitisation by Caspian. Should any securitisation be undertaken, Fitch comments that the nature and extent of any overcollateralisation would be assessed by the agency for any potential impact on unsecured creditors. At end of July this year, Caspian was the eighth largest commercial bank in Kazakhstan, with an approximate 3% share of the banking system's assets. Initially a corporate bank, it is now rapidly developing its retail and small and medium-sized enterprises ("SMEs") business, pioneering mass consumer express lending in Kazakhstan. [2005-10-13]