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Altyn bank acted as an arranger and participant in international syndicated loan
Altyn Bank JSC (SB of China CITIC Bank Corporation Ltd) participates with EUR 4 million in EUR 151 million syndicated loan to Belarusbank (Republic of Belarus). Mandated lead arrangers of the transaction were the Russian Alfa-Bank, Transkapitalbank, Ak Bars Bank and Eurasian Development Bank. Participants of the syndicated loan were 14 financial institutions from Russia and other CIS countries.
The syndicated loan has been provided for up to two years for general corporate purposes, as well as to finance commercial contracts of Belarusbank's clients related to supply of goods, equipment and services to the Republic of Belarus.
'Participation in international transactions is an integral part of our current med-term development strategy,' Marat Almenov, the CEO of Altyn Bank, ‘and we are planning to develop further this business line in cooperation with leading Kazakh and foreign banks, our principal shareholder China CITIC Bank Corporation Ltd., as well as major international financial organisations, such as Eurasian Development Bank.'
Alexei Chirkizyanov, Director of Debt Capital at Alfa-Bank, emphasised that 'during syndication process investors produced considerable interest, which allowed to close the book with 2.5 times over-subscription despite rather short transaction deadlines and dynamic market conditions. The transaction is unique both in terms of volume and tenors and in terms of pricing.'
'The project is being realised in the financial sector, which is among EDB's target sectors in accordance with its 2018-2022 Strategy. It contributes to economic integration of EDB member states, which is a priority to the Bank’s investment activities,' said Dmitry Ladikov-Roev, Asset and Liability Managing Director of the Eurasian Development Bank.
Belarusbank is already the second bank from the Republic of Belarus in financing of which Altyn Bank participates. Earlier this year, Altyn Bank participated with EUR 3.5 million in another syndicated loan to Belinvestbank.
About Altyn Bank (subsidiary bank of China CITIC Bank Corporation Ltd), previously a subsidiary of HSBC Bank Kazakhstan, has been operating on the financial market of Kazakhstan for more than 20 years. Serving both corporate and retail customers, Altyn Bank is the 14th biggest bank by assets and has the highest ratings (Fitch – “BBB-”, Moody’s – “Ba1”) among commercial banks in Kazakhstan. Altyn Bank was the first in Kazakhstan to launch a fully-fledged Altyn-i digital bank offering a wide range of financial services to individuals. The bank has 4 branches in Almaty, Astana, Atyrau and Aktau and 2 additional offices in Almaty.
About Eurasian Development Bank (EDB) is an international financial institution established by Russia and Kazakhstan in January 2006 to promote market economy development of the member states, their sustainable economic growth, as well as expansion of mutual trade and economic ties. The charter capital of the EDB is $ 7 billion. The Bank’s member states are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation and the Republic of Tajikistan.
About Belarusbank is the country’s largest financial institution offering financial services to the population in the Republic of Belarus. The Bank is the market leader in equity, loans, deposits and assets. The Bank implements state programs, invests in innovation projects and provides loans to companies operating in the country's strategic industries such as agriculture, industrial production, and social sphere.
For further reference, please contact:
Altyn Bank JSC
(subsidiary bank of China CITIC Bank Corporation Limited)
Head of Marketing Department
Tel. +7 (727) 356 62 73, (ext. 11 120)
Tel. +7 (727) 356 61 79, (ext. 11 179)