Azerbaijan, Baku, Nov. 28 / Trend E. Kosolapova/
Development Bank of Kazakhstan (DBK) has issued 10-year Eurobonds worth $1 billion, the Bank said on Wednesday.
"On Nov 26, 2012 the bank has successfully completed the international placement of eurobonds to the amount of $1 billion with a maturity of 10 years and 4.125 percent coupon rate per annum," the Bank said.
The issue structure envisages exchange of 5-year bank's eurobonds to the amount of $ 500 million with a coupon rate of 5.5% per annum and maturity in 2015.
"The deal will reduce the debt services cost and improve liquidity of the bank's Eurobonds," Deputy Chairman of the Bank Zhaslan Madiyev said.
Development Bank of Kazakhstan issues eurobonds worth $1 billion
Development Bank of Kazakhstan (DBK) has issued 10-year Eurobonds worth $1 billion