Home > Press service > News > 2006 > 02 > 10 > EURO WEEK. "Astana Finance pull in the investors crowds"
EURO WEEK. "Astana Finance pull in the investors crowds"
10.02.2006
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The only deal from Kazakhstan this week was from one of the countrys most interesting international bond issuers. Astana Finance, the issuing entity of the City of Astana, Kazakhstans capital, sold USD 125 million of three year bonds on Tuesday at 7.85%, or 328bp over US Treasuries. JPMorgan amassed a book of USD 380 million from 48 accounts, most of them in the UK, which bought 38% of the deal. Germany took 17%, Asia 16%, Scandinavia 14%, Switzerland 10% and others 11%. Asset managers got 63%, banks 21% and private banks 16%.
Alexander Savchuk, chairman of the management board of Astana Finance (Ba1/BB+), told EuroWeek yesterday (Thursday) that he was pleased with the successful execution of the debut, which he said offered investors a great diversity play away from the rich run of private bank paper from Kazakhstan.
"The credit story of Astana Finance, which is owned for 30.1% by the City of Astana, represents an interesting prospect for investors as it provided them with a rare opportunity to gain exposure to a quasi-sovereign borrower," said Savchuk. "There has been a lot of supply from the private banking sector and I think investors have been looking for a different credit story. I think the bonds size and the price achieved demonstrate that investors appreciated Astanas story."
01.06.2010
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.
Press Service of Astana Finance JSC,
06.05.2010
For 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:
Press service,
06.05.2010
May 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.
Press service,
06.05.2010
The 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.
Press service,
13.04.2010
FSA signed an agreement with the members of Bank-Conglomerate Astana Finance
Press service,
updated 09.12.2008
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