Eurasian bank bought out part of its own eurobonds
ALMATY, September 13, 2017 – Eurasian Bank JSC (hereinafter – the Bank) bought out its own international obligations (hereinafter – eurobonds) in the total amount of 258, 801, 056 US dollars on the Kazakhstan Stock Exchange during the period from 17 to August 25, 2017. Taking into account previously redeemed and canceled eurobonds, the Bank’s repayment obligations under this issue on the scheduled redemption date, on November 6, 2017, will be 102,595,944 US dollars.
According to Pavel Loginov, CEO of Eurasian Bank JSC, “in order to effectively manage the financial result, we decided to repay some of our eurobonds, as at present we have the opportunity to attract funding at lower rates. Eurasian Bank made a buyout of these securities at its own expense, demonstrating its strong liquidity position”.
We remind that in November 2014 Eurasian Bank carried out the debut issue of eurobonds with a maturity of 3 years and a nominal value of 500,000,000 US dollars. In June 2017 previously redeemed eurobonds with a nominal value of 138,603,000 US dollars were canceled.
About Eurasian Bank
Eurasian Bank is a universal Kazakhstan commercial bank, founded in 1994. The S&P rating: В, “negative” outlook. Eurasian Bank is a member of KASE and a party to KazPrime. The Bank’s accomplishments were acknowledged by the following awards: Best Bank in Kazakhstan 2014 (IAIR), Best Bank in Kazakhstan 2013, 2014 (EMEA Finance), Domestic Retail Bank of the Year, Kazakhstan in 2012, 2013 and 2015 (Asian Banking & Finance), Best Bank in Kazakhstan 2012 (Euromoney), and Bank of the Year 2012 and 2014 (The Banker). Eurasian Bank belongs to the owners of Eurasian Resources Group S.a.r.l. («ERG»), a large diversified company. The shreholders of the Group are Aleksandr Mashkevich, Alidzhan Ibragimov and Patokh Shodiev.
Press Office of Eurasian Bank JSC:
+7(727) 2 599 599 (3453)