JSC Halyk Bank: Halyk Bank has decided to make full prepayment of its $750million Eurobond issue
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).
- 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 prepayment will be made in accordance with the Terms and Conditions of the Notes (Condition 8 () "Redemption at the option of the Bank").
- This full prepayment will allow the Bank to optimize its capital and funding costs utilizing the excessive USD liquidity of the Bank.
- With total assets of KZT 9,999.1bn as at 30 September 2020, Halyk Bank is Kazakhstan's leading lender.