JSC 'Nurbank' announces the intention to place an issue of coupon bonds NRBNb11 with a nominal volume of 20 billion tenge, yielding up to 13.0% per annum until maturity on May 26, 2018.
JSC 'Nurbank' announces the intention to place an issue of coupon bonds NRBNb11 with a nominal volume of 20 billion tenge, yielding up to 13.0% per annum. The bonds are due on May 27, 2018.
The funds received from the placement of bonds NRBNb11 are planned to be allocated to increasing and diversifying the funding base of JSC 'Nurbank', including lending to the real sector of the economy of Kazakhstan and maintaining liquidity. JSC 'Nurbank' will continue to provide loans to enterprises in Kazakhstan with positive operational activities and credit history, as well as develop retail business programs.
From 2002 to 2017, JSC 'Nurbank' successfully carried out ten issues of bonds with a total principal debt of 87,500,000,000 tenge. All coupon and principal payments on the bonds were made on time without defaults.
JSC 'Nurbank' is among the fifteen largest banks in Kazakhstan. JSC 'Nurbank' has a 25-year history and provides a full range of banking services to businesses and the public.
JSC 'Nurbank' is one of the most stable Kazakhstani banks.
The international rating agency Standard and Poor’s confirmed the long-term and short-term counterparty rating at the level of B/B, and at the Kazakhstani scale at the level of kzBB. JSC 'Nurbank' underwent Due Diligence and received an independent asset quality assessment from international development institutions:- with the Asian Development Bank (ABD) - a project agreement was concluded under the program for the development of micro, small, and medium-sized 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 sector.
For 8 years, JSC 'Nurbank' has been an active participant in state programs to support private entrepreneurship implemented by 'Damu' Entrepreneurship Development Fund JSC. The bank entered into a loan agreement with Development Bank of Kazakhstan JSC within the framework of conditional placement of the National Fund of the Republic of Kazakhstan and Single Accumulative Pension Fund JSC funds to finance the working capital of large, small, and medium-sized enterprises.
The presentation on the placement of this bond issue is posted on the website of Kazakhstan Stock Exchange JSC www.kase.kz and the website of JSC 'Nurbank' www.nurbank.kz.
For all inquiries regarding the upcoming placement and for additional information, please contact:
Underwriter:
JSC 'Subsidiary of JSC 'Nurbank' '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 Department
ext. 5380, 5329 – Small and Medium Business Department
ext. 5692 – Capital Management