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JSC Halyk Bank: Halyk Bank has decided to make full prepayment of its $750million Eurobond issue

·2-min read

JSC Halyk Bank (HSBK)
27-Jan-2021 / 11:20 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

PRESS-RELEASE

Halyk Bank has decided to make full prepayment of its $750million Eurobond issue

 

27 January 2021

Joint Stock Company Halyk Savings Bank of Kazakhstan ("Halyk Bank") (LSE: HSBK; KASE: HSBK, HSBKd; AIX: HSBK, HSBK.Y) has decided to make full prepayment of its USD 750,000,000 Eurobond issue bearing 5.5% coupon rate due 2022 (the Notes). The full prepayment will be made for the amount of USD 248,012,457 on 1 March 2021 together with the interest accrued but unpaid. The prepayment will be made in accordance with the Terms and Conditions of the Notes (Condition 8 (с) "Redemption at the option of the Bank").  The respective notice has been sent to noteholders via clearing systems.  

This full prepayment will allow the Bank to optimize its capital and funding costs utilizing the excessive USD liquidity of the Bank.

 

About Halyk Bank

 

Halyk Bank is Kazakhstan's leading financial services group, operating across a variety of segments, including retail, SME & corporate banking, insurance, leasing, brokerage and asset management. Halyk Bank has been listed on the Kazakhstan Stock Exchange since 1998, on the London Stock Exchange since 2006 and Astana International Exchange since October 2019.

 

With total assets of KZT 9,999.1bn as at 30 September 2020, Halyk Bank is Kazakhstan's leading lender. The Bank has the largest customer base and broadest branch network in Kazakhstan, with 613 branches and outlets across the country. The Bank also operates in Georgia, Kyrgyzstan, Russia, Tajikistan and Uzbekistan.

 

For more information on Halyk Bank, please visit https://www.halykbank.com

 

- ENDS-

For further information, please contact:

Halyk Bank

 

 

 

Mira Kassenova

 

+7 727 259 04 30

MiraK@halykbank.kz

 

Margulan Tanirtayev

 

+7 727 259 04 53

Margulant@halykbank.kz

 

Nurgul Mukhadi

 

+7 727 330 16 77

NyrgylMy@halykbank.kz

 


ISIN:

US46627J3023

Category Code:

MSCL

TIDM:

HSBK

Sequence No.:

92377

EQS News ID:

1163588


 

End of Announcement

EQS News Service

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