Halyk Savings Bank fully prepays $750 million 5½% eurobonds due 2022

By Taylor Fox

New York, March 1 – Halyk Savings Bank of Kazakhstan fully prepaid its $750 million 5½% eurobond due 2022, according to a news release.

The prepayment was made in the amount of $248,012,457 on March 1 together with interest.

This full prepayment will allow the bank to optimize its capital and funding costs utilizing the excessive dollar liquidity of the bank.

The bank is based in Almaty, Kazakhstan.

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