26.02.2009, 14:55
Astana Finance Redeemed All Liabilities on Debut Eurobonds
OREANDA-NEWS. On 26 February 2009 was announced, that JSC "Astana Finance" had successfully redeemed all its liabilities on 3-year debut Eurobonds with a coupon of 7,625% for the total amount of US 125 million dollars. JP Morgan Securities LTD and JSC "TuranAlem Securities" were overseeing this transaction. The company has repaid a USD15 million first tranche under the Nomura Securities Intl public offering of notes. So, JSC Astana Finance has redeemed 70% of its external obligations, as per the repayment schedule for the year of 2009. JSC Astana Finance is a large investment finance holding. For the 11 years of its successful business activity at the Kazakhstan stock market it has undertaken more than 10 emissions of bonds and 5 emissions of stocks. JSC Astana Finance assisted to some production companies with their shares to be listed in the stock exchange. Thus, the Company has a good reputation in a finance business world. Today, the Company has been assigned the long term ratings of BB (Fitch), Ba1 (Moody`s).
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