Halyk Bank has raised a $300-million syndicated loan from 12 banks across North America, Europe, the Middle East and Asia with the U.S.-based Citi as the main coordinator for the deal. According to the bank’s press office, this marks the first deal of its kind in Kazakhstan in 15 years.
Through the new loan facility, available for general corporate purposes, Halyk Bank can further diversify its funding sources on attractive terms. The transaction was initially launched at $200 million and later upsized to $300 million due to oversubscription. The loan is comprised of two tranches which are due to be...