JSC "Nurbank" announces the placement of coupon bonds NRBNb11 with a nominal volume of 20 billion tenge and a maturity date of 26.05.2018, with a yield to maturity of up to 12.5% per annum.
JSC "Nurbank" announces the placement of coupon bonds NRBNb11 with a nominal volume of 20 billion tenge and a maturity date of 26.05.2018. These bonds are placed on the Kazakhstan Stock Exchange at a "dirty" price, i.e., including accrued interest.
Following the reduction of the base rate by the National Bank of the Republic of Kazakhstan to 10.5% on June 5, 2017, JSC "Nurbank" decided to set the maximum yield to maturity rate for the coupon bonds NRBNb11 at 12.5% per annum.
The funds raised from the placement of NRBNb11 bonds are planned to be allocated to increase and diversify the funding base of JSC "Nurbank", including lending to the real sector of the Kazakhstan economy and maintaining liquidity. JSC "Nurbank" will continue to lend to enterprises in the Republic of Kazakhstan with positive operational activities and credit history, as well as develop retail business programs.
From 2002 to 2017, JSC "Nurbank" successfully completed ten bond issues with a total principal amount of 87,500,000,000 tenge. All coupon payments and principal debt on the bonds were made on time without defaults.
JSC "Nurbank" is among the top fifteen largest banks in Kazakhstan. JSC "Nurbank" has a 25-year history and provides a full range of banking services to businesses and individuals.
JSC "Nurbank" is one of the most stable banks in Kazakhstan.
On December 29, 2016, the international rating agency Standard and Poor’s confirmed the long-term and short-term counterparty ratings at the level of B/B, and at the kzBB level on the Kazakhstan scale.
JSC "Nurbank" went through Due Diligence and received an independent asset quality assessment from international development institutions:
— With the Asian Development Bank (ABD), a project agreement was signed under the program to support micro, small, and medium enterprises in the Republic of Kazakhstan.
— With the European Investment Bank (EIB), credit lines were agreed for lending to the small, medium, and micro-business sectors.
JSC "Nurbank" has been an active participant in government programs supporting private entrepreneurship entities for 8 years, implemented by the Entrepreneurship Development Fund "Damu". The bank signed a loan agreement with JSC "Development Bank of Kazakhstan" within the framework of conditional placement of funds from the National Fund of the RK and the Unified Accumulative Pension Fund for financing the working capital of large, small, and medium enterprises.
The presentation on the bond placement of this issue is available on the Kazakhstan Stock Exchange website www.kase.kz and on the JSC "Nurbank" website.
For any questions regarding the upcoming placement, as well as for additional information, please contact the following:
Underwriter: JSC "Nurbank" Subsidiary "MONEY EXPERTS"
Republic of Kazakhstan, Almaty, Republic Square, 13, office 616
Phones: +7 (727) 2 666 053
+7 (727) 250 20 15
Issuer: JSC "NURBANK"
Republic of Kazakhstan, Almaty, Abay Avenue, 10-V
Website: www.nurbank.kz
Phones: +7 (727) 2 500 000
+7 (727) 2 599 710
ext. 5648, 5647 — Treasury Management
ext. 5409, 4695 — Corporate Affairs Department
ext. 5380, 5329 — Small and Medium Business Department
ext. 5692 — Capital Management
Presentation (PDF, 670 KB)