January 03, 2013 | Cbonds
|JSC Halyk Finance, as a Sole Lead Manager & Joint Bookrunner of Eurasian Development Bank’s (“EDB”) KZT 20 bn ($133 MM) debut 5-year KZT bond issue under EDB’s 1st KZT bond program with a total amount of KZT 150 bn ($998 MM), has fruitfully completed EDB’s KZT bond issue – the 1st-EVER local KZT bond placed by an international financial organization in Kazakhstan – thereby reiterating Halyk Finance’s extraordinary position in structuring and successfully executing its clients’ transactions. |
Per EDB’s management decision on December 28th, the debut bond was placed for a total amount of KZT 9.9 bn (c. $66 MM) at a YTM of just 6.25% (also set as its coupon rate) despite a significant on-going run-up in state securities’ yields – largely due to EDB’s robust management roadshow fully backed by Halyk Finance’s vigorous rigorously comprehensive marketing efforts which led to a tightening of EDB’s initial YTM guidance of 6.0%-6.5% to the final YTM guidance of 6.0%–6.25%. As a result, Halyk Finance has timely and effectively secured EDB’s victorious return to Kazakhstan’s debt capital market since EDB’s debut Eurobond issue and placement (denominated in KZT) back in April 2009 – also lead-managed and bookrun by Halyk Finance.
Emisión: EDB, 6.25% 28dec2017, KZT (01, KZT)
|Estado||País de riesgo||Amortización (oferta)||Volume||Emission Rating (M/S&P/F)|
|Nombre completo de la empresa||Eurasian Development Bank|
|País de riesgo||Kazakhstan|
|País de registro||Kazakhstan|