Press Release

Morgan Lewis Advises Kaspi Bank on $200 Million Eurobond Offering

Thursday, October 31, 2013

LONDON and ALMATY, October 31, 2013: Kaspi Bank JSC, a privately-owned retail bank in Kazakhstan, on October 29 closed a $200 million offering of 3-year Eurobonds with an interest rate of 9.875% p.a. The Eurobonds are listed on the Irish Stock Exchange and the Kazakhstan Stock Exchange. The proceeds of the offering will be used by the bank for general banking purposes.

Kaspi Bank is primarily focused on mass market consumer finance products and services, such as credit card loans, car loans, point-of-sale loans and retail deposits. Kaspi Bank is the largest retail bank in Kazakhstan based on the size of its retail loan portfolio. 

Morgan Lewis served as U.S., English and Kazakhstan legal adviser to Kaspi Bank on the offering. The Morgan Lewis team was led by Business and Finance partner Carter Brod, who was joined by a London-Almaty team that included Business and Finance partner Aset Shyngyssov, international Business and Finance partner Vladimir Shuster and Business and Finance associates Edwin de la Rosa, Vinay Varma, Marat Mukhamediyev and Thomas Webb.