Halyk Bank successfully
signed its US$300mn Syndicated Term Loan
On September 16th 2024, Joint Stock
Company Halyk Bank of Kazakhstan ("Halyk Bank" or "the Bank")
successfully signed its US$300mn Syndicated Term Loan, comprised of
1-year and 3-year tenor tranches.
This facility marks Halyk Bank's
return to the international syndicated loan market for the first
time since 2008. Through the new facility, which is available
for general corporate purposes, Halyk Bank is able to further
diversify its funding sources at attractive terms.
The transaction was launched at
US$200mn, and upsized to US$300mn as a result of
oversubscription.
The facility was supported by 12
banks across North America, Europe, Middle East and Asia,
demonstrating the international syndicated loan market's strong
interest in supporting Halyk Bank's funding objectives.
This landmark transaction symbolizes the
re-opening of
international syndicated loan market for Kazakh commercial banks
since 2009.
Citi, Abu Dhabi Commercial Bank
PJSC, and Commerzbank Aktiengesellschaft served as Bookrunners and
Initial Mandated Lead Arrangers on the transaction. Citi also
served as the sole Coordinator on the financing.
Umut Shayakhmetova, Chief Executive
Officer of Halyk Bank, commented:
"We are delighted to announce the
signing of this highly successful transaction for Halyk Bank. As a
leading and fast growing financial institution, it is vital for us
to continue to diversify our funding sources and this transaction
is a significant step in that process, and further bolsters the
strong credit metrics of Halyk Bank. We are proud of having a high
quality group of banks from across the globe who are assisting us
in our journey."
Saule Zhakayeva, Chief Country
Officer and Banking Head for Citi Kazakhstan, added: "We are
delighted to have supported Halyk Bank on this key transaction, as
both sole coordinator and bookrunner, marking their return to
the international syndicated loan market. The success of the
transaction is testament to the high quality of Halyk Bank's
credit, and has demonstrated strong demand from foreign
investors for Kazakhstan."
About Halyk Bank
Established in 1923, Halyk Bank is
Kazakhstan's largest bank with #1 market position in Total Assets
(29.4%), Net Loans (32.2%), Deposits (30.2%) and Net Income
(35.8%).
Halyk Bank is the leading financial
services group in Kazakhstan, with a diversified presence across
retail, SME, and corporate banking, as well as insurance, leasing,
brokerage, asset management and lifestyle services. Halyk Bank is a
systematically important financial institution in the country and
has the highest ratings among privately owned banks in Kazakhstan
without foreign participation (Baa1 / BB+ / BBB- by Moody's /
S&P / Fitch).
As of 30 June 2024, Halyk Bank had
total assets amounting to KZT 16,749.9bn, making it the largest
lender in Kazakhstan. The Bank boasts the country's largest
customer base and the most extensive branch network, with 568
branches and service outlets across nationwide. Additionally, the
Bank operates in Georgia and Uzbekistan. Halyk Bank has been listed
on the Kazakhstan Stock Exchange since 1998, the London Stock
Exchange since 2006, and the Astana International Exchange since
October 2019.
Please refer to
https://halykbank.com/about/
for further information on Halyk Bank
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ENDS-
For
further information, please contact:
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Halyk Bank
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Mira
Tiyanak
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+7 727 259
04 30
MiraK@halykbank.kz
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Nurgul Mukhadi
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+7 727 330 16 77
NyrgylMy@halykbank.kz
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Rustam Telish
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+7 727 330 15 66
RustamT3@halykbank.kz
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