Kazakhstan's ATFBank to offer KZT 15 billion of 7% five-year bonds

By Marisa Wong

Madison, Wis., July 23 - ATFBank announced it plans to issue KZT 15 billion of 7% bonds with a maturity of five years.

The bonds will be offered through the Kazakhstan Stock Exchange at prices ranging from par to par plus 800 basis points.

JSC Visor Capital is the underwriter.

The Almaty, Kazakhstan-based bank's board of directors approved the proposed issuance on July 18.

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