PRESS RELEASE
Almaty
October 17, 2011
JSC Nurbank, whose shares and bonds are listed on the official list of the Kazakhstan Stock Exchange (KASE) category "A", has fully redeemed the five-year eurobonds issued in 2006 in the amount of 150 million US dollars with a semi-annual coupon payment of 9.375% per annum. This redemption was carried out using the Bank's own funds.
Currently, the Bank has no other large external loans, and the share of external borrowings in the Bank's funding base is one of the lowest among the 10 largest banks in Kazakhstan. The timely and full execution of the Bank's external obligations to international investors indicates a sufficient level of liquidity and reliability of the Bank.
"We hope that the international investment community will perceive this as a positive sign should the Bank enter the international capital markets in the future. In the near future, we are not planning to issue new eurobonds, but we do not rule out this move if market conditions are favorable," said Rauan Daukenov, Deputy Chairman of the Management Board of JSC Nurbank. "The Bank expresses gratitude to investors for their trust and to the organizers of the transaction for their work within the framework of the aforementioned issue."
According to the consolidated financial statements for the first half of 2011, net profit amounted to 794.7 million tenge. As of July 1, 2011, assets were 308.8 billion tenge, and equity was 71.2 billion tenge.