Rate for 8th Coupon Period on Bonds of Halyk Savings Bank Is 10% APR
OREANDA-NEWS. On October 08, 2008 Halyk Savings Bank of Kazakhstan (Almaty) informed in an official letter to Kazakhstan Stock Exchange (KASE) that 10.00 % APR coupon interest rate has been set on subordinated bonds KZPC5Y10B197 (KASE official list, the first subcategory of category "Non-rated debt securities", HSBKb8; KZT10,000, KZT4.0 bn.; 11.04.05 - 11.04.15, semiannual coupon indexed to inflation rate) for the following coupon period, reported the press-centre of KASE.
According to the issuer the coupon rate has been determined with account to the data on the inflation rate provided by the Agency of the Republic of Kazakhstan on Statistics and the bond issue prospectus in accordance with which the value of the upper limit of interest rate has been set at the level not exceeding 10.00 % APR.
In the current coupon period the interest rate on bonds of Halyk Savings Bank of Kazakhstan of this issue made up 10.00 % APR.
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