OREANDA-NEWS. February 10, 2010. Nurbank (Almaty), securities of which are present in Kazakhstan Stock Exchange (KASE) official list, provided to KASE the following joint press release, reported the press-centre of KASE:

Nurbank implemented non-subordinated issue of bonds to the total amount of KZT16 billion for five circulation year. This issue was registered by the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations.

International rating agency Moody's Investors Service assigned to newly issued bonds of Nurbank the long-term rating "В2/negative.

The coupon rate during the first circulation year was set in the size of 12% APR from bonds face value, beginning the second year the coupon rate will be revised once a year (prior to the corresponding year beginning) and will depend on the inflation rate. The information on new coupon rate will be brought to bonds holders notice one day before the date of the next coupon beginning through the information on Kazakhstan Stock Exchange website and Nurbank official site.

The circulation start date is the date of bonds inclusion to Kazakhstan Stock Exchange securities official list. This information will be published in addition.