41902-014: KAZ: GUARANTEE AND LOAN: JSC KAZKOMMERTSBANK

Project Data Sheet (PDS): Overview


Description

The proposed transaction has two components: (i) First, a credit guarantee to be issued in favor of investors in notes backed by diversified payment rights (DPRs) originated by KKB. The total amount of the issuance is expected to be up to $500 million, with ADB guaranteeing up to $100 million and MBIA and FGIC guaranteeing the remainder; (ii) Secondly, the provision of a senior or subordinated, unsecured Tenge denominated loan for on-lending into the Kazakh SME and corporate market. Read More

Country Kazakhstan
Borrower/Equity Investment Name KAZKOMMERTSBANK
Project Number 41902-014
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Numbers 7249
Approval Date 22 Mar 2007
Geographical Location Kazakhstan
Sector / Subsector Classification Finance
/ Banking Systems
Safeguard Categories Environment: FI
Resettlement: C
Indigenous People: C

 

 

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Project Data Sheets (PDS)

Responsible ADB Officer
Stefan Hruschka
Request for information

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Capital Markets and Financial Sectors Division

PDS Creation Date
21 Feb 2007

Last PDS Update
19 Mar 2007

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