Jsc Halyk Reg S Regulatory News (HSBK)

16 Apr 2008 07:39

JSC Halyk Savings Bank Kazakhstan16 April 2008 14 April 2008 Halyk Bank Places Benchmark Eurobond Issue Almaty, 14 April 2008 - On 9 April, 2008, Joint Stock Company 'Halyk SavingsBank of Kazakhstan' (Halyk Bank) (LSE: HSBK) placed a USD 500 million benchmarkbond offering (Offering). The Offering which was available to institutional investors both inside theUnited States (in accordance with Rule 144A) and internationally , has a bulletmaturity on 16 October, 2013 and bears a coupon of 9.25% pa. The Offering waspriced at 98.948% to yield 9.5% pa and was in line with initial price guidance.The issuer under the Offering is HSBK (Europe) B.V., a wholly-owned subsidiaryof Halyk Bank, with Halyk Bank acting as a guarantor. The deal was well received in the market and was sold mostly to investors inthe US (65%), the UK (24%), Europe (8%), Asia (2%), and Switzerland (1%), withthe largest portion being taken by asset managers (84%). 'We were very pleased that these investors came into this deal - their loyaltyis even more appreciated at times when the general market environment ischallenging,' said Grigoriy Marchenko, CEO of Halyk Bank. The Offering is the first public Eurobond from a bank in Kazakhstan and it thefirst public transaction for a private sector CIS bank since July, 2007. JPMorgan and UBS acted as joint lead managers and bookrunners for thetransaction. Halyk Bank is the only privately-owned bank in Kazakhstan with an investmentgrade rating (i.e. Moody's Baa3). As at 31 December, 2007, total consolidatedassets of Halyk Bank were KZT 1,595 billion and total shareholders' equity wasKZT 161 billion. Net income for the year ended 31 December, 2007, was KZT 40.5billion, the return on equity was 31%, and the return on asset was 3.4%. For further information please contact: Zhanar Aikimbayeva JanarA@halykbank.k +7 727 259 07 96Assel Atinova AselA@halykbank.kz +7 727 259 04 30Ainur Issabayeva AinurIs@halykbank.kz +7 727 259 08 16 This announcement does not constitute or form part of any offer to sell orsolicitation of an offer to purchase or subscribe for securities in the UnitedStates. The securities referred to herein have not been and will not beregistered under the US Securities Act of 1933, as amended (the "SecuritiesAct"), and may not be offered or sold in the United States or to US personsunless the securities are registered under the Securities Act, or an exemptionfrom the registration requirements of the Securities Act is available. Nopublic offering of the securities will be made in the United States. This information is provided by RNS The company news service from the London Stock Exchange