19th Aug 2008 12:00
19 August 2008
Joint Stock Company 'Halyk Savings Bank of Kazakhstan'
US$ 200 million Syndicated Term Loan Facility
Joint Stock Company 'Halyk Savings Bank of Kazakhstan' (Halyk Bank) (LSE: HSBK) is pleased to announce that the above transaction, arranged by BNP Paribas, ING Wholesale Banking ("ING"), Landesbank Berlin AG ("LBB"), Standard Bank Plc ("Standard Bank"), UniCredit Markets & Investment Banking ("UniCredit") and WestLB AG, London Branch ("WestLB") (each an "Initial Mandated Lead Arranger" and "Bookrunner"), has been successfully closed.
The Facility was launched at US$200,000,000 and CLOSED OVERSUBSCRIBED. Signing is expected to take place shortly. Announcement of the final facility amount will follow the signing of the Facility Agreement.
The Facility will be used for general financing purposes, including trade related finance activities of Halyk Bank's customers and is structured as a one-year term loan with an extension option for another one-year period with a bullet repayment.
Summary details of the transaction:
|
Borrower: |
HSBK (Europe) B.V. |
|
Guarantor: |
Halyk Bank |
|
Margin: |
1.00 % per annum |
|
Tenor: |
370 days, with an extension option for further 370 days |
|
Repayment: |
Bullet at maturity |
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Purpose: |
general financing purpose including trade finance |
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Bookrunners: |
BNP Paribas, ING, LBB, Standard Bank, UniCredit, WestLB |
|
Facility Agent: |
ING |
For further information please contact:
Zhanara Aikimbayeva [email protected] +7 727 259 07 96
Assel Atinova [email protected] +7 727 259 04 30
Lenura Urmiyeva [email protected] +7 727 259 02 66
Related Shares:
Jsc Halyk Reg S