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16:50
14.09.2017
Eurasian Bank bought back part of own Eurobonds XS1129581937 (EUBNe1)
News source: KASE
/KASE, September 14, 2017/ – Eurasian Bank (Almaty), whose bonds are officially 
listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following 
press release of September 14, 2017:

quote

Eurasian Bank JSC (hereinafter – the Bank) bought out its own international 
obligations (hereinafter – eurobonds) in the total amount of 258, 801, 056 US 
dollars on the Kazakhstan Stock Exchange during the period from 17 to August 25,
2017. Taking into account previously redeemed and canceled eurobonds, the 
Bank's repayment obligations under this issue on the scheduled redemption date, 
on November 6, 2017, will be 102,595,944 US dollars.

According to Pavel Loginov, CEO of Eurasian Bank JSC, "in order to effectively 
manage the financial result, we decided to repay some of our eurobonds, as at 
present we have the opportunity to attract funding at lower rates. Eurasian Bank
made a buyout of these securities at its own expense, demonstrating its strong 
liquidity position".

We remind that in November 2014 Eurasian Bank carried out the debut issue of 
eurobonds with a maturity of 3 years and a nominal value of 500,000,000 US 
dollars. In June 2017 previously redeemed eurobonds with a nominal value of 
138,603,000 US dollars were canceled.

unquote

The press release is available on KASE website – 
http://www.kase.kz/files/emitters/EUBN/eubn_reliz_140917_1.pdf

[2017-09-14]


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