Medium-sized Nurbank plans to increase external liabilities by $500 million. According to Kazakhstan Stock Exchange, the bank intends to attract syndicated loans worth $200 million for trade financing operations. Besides, it plans to issue $200 million Eurobonds and attract $100 million within structural trade financing scheme and under guarantees of foreign export credit agencies.
The largest Kazakh bank, Kazkommertsbank plans to issue 100 million three-year Eurobonds. This was announced by Standard Bank the sole lead manager of the issue. The bonds will be placed through Dutch special purpose vehicle Kazkommerts International. According to the lead manager, the yield guidance is set at around 4.4% per annum. The auction will take place at the end of next week. The Eurobonds are issued under full guaranties of Kazkommertsbank. The bank is rated Baa2 by S&P and BB+ by Fitch.