Kazkommertsbank Accepts Its Subsidiaries Eurobonds to Secure Loans
OREANDA-NEWS. August 05, 2009. Kazkommertsbank (Almaty), the listed company of Kazakhstan Stock Exchange (KASE), provided to KASE the following press release, reported the press-centre of KASE:
Kazkommertsbank ("the Bank"), one of the largest banks in Kazakhstan and Central Asia, announces that it has accepted Eurobonds issued by Kazkommerts International B.V. and Kazkommerts Finance 2 B.V., Dutch special purpose vehicles, as collateral for loans extended by Kazkommertsbank to its customers. The total nominal value of the multiple series of such bonds pledged to the Bank as at July 1, 2009 was approximately an equivalent of US 706 million.
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