Halyk Bank plans 100 billion tenge discount bond issueHalyk Bank's board of directors approved the issuance of discount bonds worth a total of 100 billion tenge on Sept 21, according to a filing on the Kazakhstan Stock Exchange.The bonds will have a nominal value of 1,000 tenge each and a circulation period of up to 12 months.The bank did not disclose the placement date.Halyk Bank, the largest lender in Kazakhstan by assets, is controlled by Dinara and Timur Kulibayev, the daughter and son-in-law of Kazakhstan's first president, through Almex Holding Group (50.25%). The Bank of New York holds 28.42% as nominee. The bank's shares trade on the Kazakhstan Stock Exchange, and its GDRs trade on the London Stock Exchange and AIX.In early September, S&P Global Ratings affirmed Halyk Bank's long-term rating at BBB- and raised its outlook to positive. The short-term rating was affirmed at A-3 and the national rating at kzAAA. (ICE ALMATY)

Fonte notizia: INTERFAX