New Issue: Kazakhstan's Alliance Bank sells €750 million five-year notes

By Reshmi Basu

New York, Jan. 25 - JSC Alliance Bank of Kazakhstan sold €750 million of five-year fixed-rate notes (Ba2//BB-) at 99.251 to yield 403.3 basis points over OBL government bonds, according to a market source.

HSBC and UBS managed the Regulation S sale, which was issued via ALB Finance BV, a Netherlands-based special purpose vehicle.

Alliance Bank is based in Almaty, Kazakhstan, and is focused on small and medium enterprises and the retail segment.

Issuer:	ALB Finance BV
Guarantor:	JSC Alliance Bank of Kazakhstan
Amount:	€750 million
Issue:	Fixed-rate notes
Maturity:	Feb. 1, 2012
Coupon:	7 7/8%
Issue price:	99.251
Yield:	403.3 basis points over OBL government bonds
Pricing date:	Jan. 25
Settlement date:	Feb. 1
Lead managers:	HSBC, UBS
Distribution:	Regulation S
Ratings:	Moody's: Ba2
	Fitch: BB-

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