S&P has assigned “BBB-” credit rating to bond issue of VTB Bank (Kazakhstan)
On January 29 Standard & Poor's International Rating Agency informed about assignment of the credit rating to issue of senior unsecured bonds (ISIN KZ2C00000131) of VTB Bank (Kazakhstan) JSC SO at “BBB-” level.
The volume of issue is KZT 15 billion, and the dates of the beginning and completion of four-year securities circulation are 11.12.2010-2014. The fixed coupon rate is established to be 7%.
VTB Bank (Kazakhstan) JSC SO – is 100% subsidiary Bank of the largest Russian VTB Bank OJSC.
License of the Financial Supervision Agency of the RK No 1.1.259 dated 22.05.2009. The Bank is awarded with international rating at “BBB-“/”Stable” forecast level from Standard & Poor’s Agency that gives evidence of the Bank’s positive and stable financial condition. The branch network of VTB Bank (Kazakhstan) covers 17 cities and amounts to 24 sales points.
VTB Bank and its subsidiaries form the international financial group carrying out its activities at Russian and foreign markets. VTB Group is above 30 banks and financial companies in 20 countries of the CIS, Europe, Asia and Africa. The major shareholder of VTB – Government of the Russian Federation (60,9%).