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The 1-year loan is gained at 1.2% p.a. over 6-month rate of LIBOR. The Book runner and Mandated Lead Arranger of transaction is presented by Deutsche Bank AG London. Barclays Capital, Bayern LB and First Commercial Bank are participating in transaction as Mandated Lead Arrangers.
For JSC Astana Finance this syndicated loan is debut one. It is worthy of note that amount of loan was increased from initially declared U.S. $40 million up to U.S. $50 million.
Attraction of syndicated loan is carried out by JSC "Astana Finance" at the time of liquidity crisis broken out in the world capital markets since August. The re-subscription (increase) of the declared amount of loan demonstrates the high-level confidence of international financial institutes in respect of JSC "Astana Finance".
This transaction surrounding the syndicated loan was completed after JSC Astana Finance has succeeded once more with international capital markets entrance – in June 2007 the Company issued the U.S. $300 million Eurobonds under the program for issue of middle-term global Notes.
The International Rating Agency Moody’s assigned a Ba1 and Fitch ratings assigned a BB+ rating to Astana Finance ranking it as one of the leading financial institutes in the country.
Today Astana Finance is one of the leaders in the ’s market of financial services among non-banking organizations. The Company’s strategy aims at creating and development of subsidiaries which provide complex services to population and businesses of Astana and taken in whole. Taking the opportunity of the non-banking organization’s status, the Company is investing to various sectors of economy efficiently. Its 10-year experience in financial sector allows the Company to operate efficiently in implementing the new projects and providing consulting services.
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.
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:
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.
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.
FSA signed an agreement with the members of Bank-Conglomerate Astana Finance
updated 09.12.2008