Halyk Savings Bank Received Positive Conclusion on Repayment of Bond
OREANDA-NEWS. November 01, 2010. Halyk Savings Bank of Kazakhstan (Almaty, hereinafter in the quotation - the Bank), securities of which are listed in Kazakhstan Stock Exchange (KASE) official list, provided to KASE the copy of letter of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (FSA), reported the press-centre of KASE:
According to forecasted estimates of prudential norms, submitted by the Bank as of December 1, 2010, prudential norms considering early repayment of subordinated bonds to the amount of KZT5 bn shall be observed by the Bank.
Therefore, the Agency considers possible early full repayment by Halyk Savings Bank of Kazakhstan of subordinated bonds third issue.
According to the issue prospectus of bonds KZP03Y10C590 (KASE official list Non-rated Debt Securities first subcategory, HSBKb14; KZT10,000, KZT5.0 bn, November 6, 08 - November 6, 18; the semi-annual coupon 13.00 % APR) "the Bank is entitled to early repay bonds at a face value as of the coupon interest payment dates during bonds circulation period".
The mentioned bonds issue prospectus is available on KASE website at http://www.kase.kz/en/emitters/show/hsbk
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