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Published on 8/3/2016 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Kazakhstan’s Halyk Savings Bank to redeem 13% bonds due 2018 on Nov. 6

By Marisa Wong

Morgantown, W.Va., Aug. 3 – Halyk Savings Bank of Kazakhstan plans to redeem its 13% bonds due 2018.

The bonds will be redeemed at par plus accrued interest on the next coupon date, which is Nov. 6.

The Almaty, Kazakhstan, bank issued KZT 5 billion of the subordinated bonds, second issue of the third bond program, in 2008.


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