Eurasian Bank bought back part of own Eurobonds XS1129581937 (EUBNe1)

14.09.17 16:50
/KASE, September 14, 2017/ – Eurasian Bank (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release of September 14, 2017: quote Eurasian Bank JSC (hereinafter – the Bank) bought out its own international obligations (hereinafter – eurobonds) in the total amount of 258, 801, 056 US dollars on the Kazakhstan Stock Exchange during the period from 17 to August 25, 2017. Taking into account previously redeemed and canceled eurobonds, the Bank's repayment obligations under this issue on the scheduled redemption date, on November 6, 2017, will be 102,595,944 US dollars. According to Pavel Loginov, CEO of Eurasian Bank JSC, "in order to effectively manage the financial result, we decided to repay some of our eurobonds, as at present we have the opportunity to attract funding at lower rates. Eurasian Bank made a buyout of these securities at its own expense, demonstrating its strong liquidity position". We remind that in November 2014 Eurasian Bank carried out the debut issue of eurobonds with a maturity of 3 years and a nominal value of 500,000,000 US dollars. In June 2017 previously redeemed eurobonds with a nominal value of 138,603,000 US dollars were canceled. unquote The press release is available on KASE website – http://www.kase.kz/files/emitters/EUBN/eubn_reliz_140917_1.pdf [2017-09-14]