Kazkommertsbank forecloses some of the Eurobonds accepted as collateral against customer loans
23.12.2009
23 December 2009, Almaty, Kazakhstan. Kazkommertsbank, one of the largest banks in Kazakhstan and Central Asia, (the “Bank”) today announces the details of the Eurobonds that were issued by Kazkommerts International B.V. and Kazkommerts Finance 2 B.V. and accepted by the Bank as collateral against customer loans, including Eurobonds that have been foreclosed by the Bank.
The foreclosed Eurobonds were reflected in the balance sheet and cancelled. The cancellation of Eurobonds resulted in a decrease of the Bank’s outstanding foreign debt by c.US$ 930 million (EUR 332,835,000; GBP 124,874,000 and US$ 251,598,000).
|
Issued amount
|
Maturity date
|
Principal amount of Eurobonds accepted as collateral during the period 15 May – 15 December 2009*
|
Out of which principal amount of collateral foreclosed*
|
|
EUR 300,000,000
|
23.03.2011
|
33,082,000
|
33,082,000
|
|
GBP 350,000,000
|
13.02.2012
|
127,078,000
|
124,874,000
|
|
USD 500,000,000
|
16.04.2013
|
11,068,000
|
10,558,000
|
|
USD 400,000,000
|
07.04.2014
|
79,802,000
|
76,579,000
|
|
USD 500,000,000
|
03.11.2015
|
114,905,200
|
105,286,200**
|
|
USD 200,000,000
|
27.07.2016
|
50,307,000
|
-
|
|
USD 500,000,000
|
29.11.2016
|
59,175,000
|
59,175,000
|
|
EUR 750,000,000
|
13.02.2017
|
300,110,000
|
299,753,000
|
|
USD 250,000,000
|
13.06.2017
|
29,413,000
|
-
|
|
USD 100,000,000
|
Perpetual
|
4,349,000
|
-
|
* Figures denominated in the currency of issuance **200 Eurobonds of this issue have not been cancelled
About Kazkommertsbank
Kazkommertsbank (KKB) is one of the largest banks in Kazakhstan and Central Asia with total assets of KZT 2,787.1 billion (US$ 18.5 billion equivalent) at 30 September 2009.
In addition to its core banking business (retail and corporate) KKB has subsidiaries active in pension fund management, asset management, insurance and brokerage. KKB also has foreign subsidiaries in the Russian Federation, Kyrgyzstan and Tajikistan.
Major shareholders of Kazkommertsbank include Central Asian Investment Company and Chairman of the Board Mr. Nurzhan Subkhanberdin, Alnair Capital Holding, the Kazakh Government through the Samruk-Kazyna National Welfare Fund and the European Bank for Reconstruction and Development,.
KKB’s predecessor, Medeu Bank, was founded in July 1990, and re-registered as Kazkommertsbank in October 1991. KKB completed an IPO in GDR form on the London Stock Exchange in November 2006, the first CIS bank to do so, in a deal totaling $845 million. The Bank’s shares are listed on the Kazakhstan Stock Exchange.
Further information can be found at http://en.kkb.kz
Contacts:
Aliya Nursipatova, Head of Investor Relations
+7 (727) 258-51-25, E-mail: investor_relations@kkb.kz
Larissa Kokovinets, Director of Public Relations
+7 (727) 258-54-56, E-mail: pr@kkb.kz
Merlin +44 20 7653 6620
Leonid Fink +44 7939 071 270
Toby Bates +44 7747 607 768