Halyk Bank has decided to partially prepay its $750million Eurobond issue

DJ Halyk Bank has decided to partially prepay its $750million Eurobond issue

JSC Halyk Bank (HSBK) 
Halyk Bank has decided to partially prepay its $750million Eurobond issue 
 
26-Nov-2020 / 12:20 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
                 PRESS-RELEASE 
 
 Halyk Bank has decided to partially prepay its $750million Eurobond issue 
 
26 November 2020 
 
   Joint Stock Company Halyk Savings Bank of Kazakhstan ("Halyk Bank") (LSE: 
 HSBK; KASE: HSBK, HSBKd; AIX: HSBK, HSBK.Y) has decided to partially prepay 
   its USD 750,000,000 Eurobond issue bearing 5.5% coupon rate due 2022 (the 
           Notes). The partial prepayment will be made for the amount of USD 
300,000,000 on 31 December 2020 (next coupon payment date) together with the 
         interest accrued but unpaid. The partial prepayment will be made to 
     bondholders proportionally to their holdings of the Notes. The new pool 
  factor after the redemption will be 0.331561934135, which shall be applied 
  to USD 748,012,457 face value of the Notes. The prepayment will be made in 
      accordance with the Terms and Conditions of the Notes (Condition 8 (?) 
"Redemption at the option of the Bank"). The respective notice has been sent 
                                  to noteholders via clearing systems. 
 
     This partial prepayment will allow the Bank to optimize its capital and 
            funding costs utilizing the excessive USD liquidity of the Bank. 
 
                                  About Halyk Bank 
 
      Halyk Bank is Kazakhstan's leading financial services group, operating 
    across a variety of segments, including retail, SME & corporate banking, 
     insurance, leasing, brokerage and asset management. Halyk Bank has been 
     listed on the Kazakhstan Stock Exchange since 1998, on the London Stock 
   Exchange since 2006 and Astana International Exchange since October 2019. 
 
   With total assets of KZT 9,999.1bn as at 30 September 2020, Halyk Bank is 
     Kazakhstan's leading lender. The Bank has the largest customer base and 
 broadest branch network in Kazakhstan, with 613 branches and outlets across 
   the country. The Bank operates in Georgia, Kyrgyzstan, Russia, Tajikistan 
                                  and Uzbekistan. 
 
  For more information on Halyk Bank, please visit https://www.halykbank.com 
 
                 - ENDS- 
 
For further information, please contact: 
 
Halyk Bank 
 
Mira Kassenova      [phone] 
 
                    [e-mail] 
 
Margulan Tanirtayev [phone] 
 
                    [e-mail] 
 
Nurgul Mukhadi      [phone] 
 
                    [e-mail] 
 
ISIN:          US46627J3023 
Category Code: MSCL 
TIDM:          HSBK 
Sequence No.:  88572 
EQS News ID:   1150815 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

November 26, 2020 06:21 ET (11:21 GMT)