JSC Alliance Bank successfully priced its second Eurobond issue on November 15, 2005. The US$ 200 million issue has a tenor of 5 years, maturing on November 22, 2005. The issue was placed with investors in Europe and Asia under Regulation S of the US Securities Act, 1933.

The bonds pay a coupon of 9%, same as the coupon rate paid by Alliance Bank’s three year bonds issued earlier this year. ABN Amro Bank N.V. and Citigroup Global Markets Limited acted as Joint Lead Managers and Joint Bookrunners on the transaction. The total number of investors who participated in the offering was 61. The transaction was placed with a diverse group of investors, with Asia accounting for 46% of the transaction, Switzerland 16% UK 8%, and the remainder placed across Europe. The transaction saw particular interest from Private Banks and Commercial Banks who accounted for 61% and 24% of the issue, respectively. Moody’s and Fitch Ratings assigned this Eurobonds issue ratings “Ba2” and “B+” accordingly. These ratings are similar to those assigned to the bank itself. The funds will be used for financing different sectors of Kazakhstan economy.

Alliance Bank ranks among the five largest banks of Kazakhstan.