Kazkommertsbank Redeems USD 76 mln Eurobonds of Kazkommerts Int B.V.
OREANDA-NEWS. September 10, 2009. Kazkommertsbank (Almaty), a company listed on Kazakhstan Stock Exchange (KASE), provided KASE with a press release, reported the press-centre of KASE:
Kazkommertsbank in the period October 2007 through September 2009 was redeeming its Eurobonds maturing in November 2009 in the volume of USD76 m at nominal.
The bonds were issued on November 3, 2004 in the amount USD500 m by subsidiary Kazkommerts International B.V. and guaranteed by the bank. The maturity date - November 3, 2009, coupon - 7 %. The bonds were redeemed for a total of USD75,965,000 at nominal at an average price of 91.8%.
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