Kazkommertsbank Buys Back USD 76m of Eurobonds
OREANDA-NEWS. September 14, 2009. Kazkommertsbank (KKB), one of the largest banks in Kazakhstan and Central Asia, announced that during the period from October 2007 to September 2009 it bought back USD 76m of its due November 2009 Eurobond, reported the press-centre of Kazkommertsbank.
The USD 500 million Eurobond was issued on 3 November 2004 by Kazkommerts International B.V. and was guaranteed by the Bank. The maturity date of the 7% coupon bond is 3 November 2009. KKB purchased USD 75,965,000 of bonds (nominal value) at an average price of 91.8.
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