Fitch присвоило ожидаемый рейтинг "ВВ+" евробондам Халык банка

/REUTERS, перевод Владимира Кузнецова, 25.04.06/ - Международное рейтинговое агентство Fitch Ratings присвоило во вторник ожидаемый долгосрочный рейтинг "BВ+" запланированному выпуску номинированных в долларах США еврооблигаций казахстанского Халык банка. Бонды будут выпущены SPV-компанией HSBK (Europe) B.V.. Объем размещения будет определяться, исходя из рыночной конъюнктуры, срок обращения ожидается на уровне 7-10 лет. Ниже приводится оригинальный текст сообщения Fitch. FITCH ASSIGNS HALYK BANK'S UPCOMING EUROBOND EXPECTED 'BB+' RATING Fitch Ratings-London/Moscow-25 April 2006: Fitch Ratings has today assigned HSBK (Europe) B.V.'s upcoming USD denominated issue of unsecured senior notes an expected Long-term 'BB+' rating. The final rating is contingent on receipt of final documents conforming to information already received. Proceeds from the issue of the notes will be deposited with Kazakhstan's JSC Halyk Bank ("Halyk"). Halyk will unconditionally and irrevocably guarantee the timely and full repayment of the notes in the trust deed between Halyk, HSBK (Europe) B.V. and the trustee, J.P. Morgan Corporate Trustee Services Ltd. HSBK (Europe) B.V. is a Netherlands-domiciled subsidiary of Halyk, which is rated Foreign Currency Issuer Default 'BB+', Local Currency Issuer Default BBB- ' (BBB minus), Foreign Currency Short-term 'B', Local Currency Short-term F3', Individual 'C/D', and Support '3'. The Outlook on the Issuer Default Ratings is Stable. The terms and conditions of the notes specify that they will rank at least pari passu with the claims of other unsecured and unsubordinated creditors of the issuer and that the obligations of Halyk under the guarantee will rank at least pari passu with claims of other unsecured and unsubordinated creditors of Halyk, save those preferred by relevant (bankruptcy, liquidation etc.) laws. Under Kazakh law, the claims of retail depositors rank above those of other senior unsecured creditors. At end-December 2005, retail deposits accounted for around 27% of Halyk's total liabilities, according to the bank's audited IFRS financial statements. Covenants limit Halyk's common stock dividend payments to 50% of net income in any particular year and also specify that the terms of all transactions of more than USD5 million must be concluded on a market basis. The expected issue is subject to a cross default clause which becomes applicable should an aggregate principal amount of overdue financial debt or guarantee exceed USD10m. Halyk is the third largest bank in Kazakhstan holding 12% of the system's assets at end-2005. The bank operates the largest branch network in the country of 546 branches, reflecting its roots as the former state savings bank and also acts as a non-exclusive pension and social security payment and settlement agent. The bank is ultimately majority-owned by a son-in-law of President Nazarbayev. Contact: Dmitri Angarov, James Watson, Moscow, Tel: +7 495 956 9901. Media Relations: Jon Laycock, London, Tel: +44 20 7417 4327. [2006-04-25]