Kazakhstan’s Alliance Bank starts roadshow in Asia for dollar-denominated two-part offer

By Paul A. Harris

St. Louis, April 4 - ALB Finance BV began a roadshow Tuesday in Hong Kong for its dollar-denominated two-part offering of notes, according to a market source.

ALB is a Netherlands-based special purpose vehicle of JSC Alliance Bank of Kazakhstan.

Subsequent roadshow stops are scheduled for Wednesday in Singapore, Thursday in Germany and Austria, Friday in Switzerland and Monday in London.

The offering includes a five- to seven-year tranche of senior notes (Ba2/BB-). The size of the tranche remains to be determined.

Alliance Bank also plans to place a $150 million tranche of tier I subordinated perpetual notes, non-callable for 10 years (B1).

Credit Suisse and UBS are leading both tranches, which are being marketed via Regulation S.

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