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NewsBOND RADAR. "Astana Finance debuts with a $125mm 3-year"07.02.2006
USD 125mm 3-year is a debut for the borrower, but given its limited size and rating sources note that the only real comps were indeed the Kazkah private banks. Borrowers with similar risk levels include the 2008 for Bank CentreCredit (Ba1/BB-) and as well as others such as Bank Caspian (Ba2/B+) and Nurbank (Ba3/B). Initial guidance went out at 8pc area then firmed to 7.80~7.90pc, finally pricing in the middle at 7.85pc. Sources away generally pointed out that a 7.85pc yield was attractive enough to help move bonds while others were
not so sure the issue offered a new issuer premium. However, since the break the bonds have traded up well from re-offer and are currently around 99.75. Book size was USD 380mm from 48 accounts—obviously all new to the name. UK allocation was 38pc, Germany 17pc, Asia 16pc, Scandinavia 14pc, Switzerland 10pc and others 11pc. Asset managers got 63pc, banks 21pc and private banks 16pc. Use of proceeds was for general financing purposes. Set up in 1997 by the City of Astana, Astana Finance is a non-banking financial institution conducting individual bank operations. Part of its activity is the provision of development finance (mainly long-term leasing, project finance and mortgage lending) and making equity investments in Astana and the surrounding Akmola region. The City of Astana (the capital of Kazakhstan) currently owns 30.12pc of the share capital and has been supportive of Astana Finance to-date in terms of equity injections, subsidized funding, first refusal on investments, etc. It reported under IFRS total assets and total capital funds of USD 298mm and USD 100mm respectively as of 30 September 2005. 01.06.2010
Astana-Finance JSC Made Donations to Children’s Fund "Ymit Nadezhda"In anticipation of the International Children's Day Astana Finance JSC following principles of humanism, ideals of goodness and justice made donations to Children’s Charity Fund "Ymit-Nadezhda" in Kokshetau. ,
06.05.2010
Appointment of new Management BoardFor immediate release: JSC Astana Finance (the Company) wishes to announce the appointment of the following members of the Management Board of the Company with effect from 5 May 2010: ,
06.05.2010
Management bodies of "Astana-Finance" JSC subsidiaries underwent changesMay 5, 2010 saw the meeting of the Board of Directors of "Astana-Finance" JSC (hereinafter - the "Company") on which the decision on staff changes in the management bodies of subsidiaries was taken. ,
06.05.2010
INFORMATION STATEMENT Notification of Holding Extraordinary General Meeting of "Astana – Finance" JSC ShareholdersThe Board of Directors of "Astana – Finance" JSC (further – the "Company") situated at the following address: 010000, the Republic of Kazakhstan, Astana, 12 Bigeldinov str., has taken a decision on holding an extraordinary general meeting of the shareholders of "Astana – Finance" JSC with the following agenda: Composition of the Board of Directors of "Astana – Finance" JSC. ,
13.04.2010
Bank-Conglomerate Astana Finance signed a multilateral agreement with FSAFSA signed an agreement with the members of Bank-Conglomerate Astana Finance ,
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