40937-014: KAZ: GUARANTEE FOR DIVERSIFIED PAYMENT RIGHTS SECURITIZATION BY ALLIANCE BANK JSC

Project Data Sheet (PDS): Overview


Description

ADB's objective in the proposed transaction is to develop Kazakhstan's securitization market by (i) diversifying funding options; (ii) procuring longer terms funds, specifically for medium-sized private sector banks; and (iii) attracting a new set of investors. Deferred payment rights (DPR) securitization will lead to a better understanding and development of a securitization's structure, underlying assets, and legal framework in the market. Hence, this proposal is expected to provide a stepping stone for the development of a full scale securitization market. Read More

Country Kazakhstan
Borrower/Equity Investment Name ALLIANCE BANK
Project Number 40937-014
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7246
Approval Date 10 Oct 2006
Closing Date 13 Nov 2006
Geographical Location Almaty, Kazakhstan
Sector Finance
Subsector Banking Systems
Safeguard Categories Environment: C
Resettlement: C
Indigenous People: C

 

 

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