For more information, get in touch with our team:
+44 7918 53 08 73
Hint mode is switched on Switch off
  • High performance interface for global bond market screening
  • Full information on close to 500,000 bonds from 180 countries
  • 100% coverage of Eurobonds worldwide
  • Over 300 primary sources of prices
  • Ratings data from all international and local ratings agencies
  • Stock market data from 100 world trading floors
  • Intuitive, high speed user interface
  • Data access via the website, mobile application and add-in for Microsoft Excel

Fitch Assigns Kazakhstan's VTB Upcoming Senior Unsecured Bond 'BBB-'

November 24, 2010 Fitch Ratings
Fitch Ratings-London/Moscow-23 November 2010: Fitch Ratings has assigned JSC VTB Bank (Kazahkstan)'s (VTBK) KZT15bn upcoming senior unsecured bond a Long-term local currency rating of 'BBB-' and a National Long-term rating of 'AA(kaz)'.

The issue has a fixed rate of 7% and four years maturity.

VTBK's obligations under the bonds will rank equally with the claims of other senior unsecured creditors, except the claims of retail depositors, which under Kazakhstani law rank above those of other senior unsecured creditors. At end-Q310 retail deposits funded only 2.3% total assets, while equity/assets ratio was a high 85.4%.

VTBK's current ratings are Long-term foreign and local currency Issuer Default (IDRs) 'BBB-'/Stable, Short-term foreign currency IDR 'F3', Support '2' and National Long-term 'AA(kaz)'/Stable.

VTBK is 100% owned by Russian based JSC Bank VTB (VTB, 'BBB'/Stable). The subsidiary began its banking operations in May 2009. VTBK plans to position itself as a universal bank with a primary focus on corporate/SME segments, providing traditional banking services and trade finance facilities to clients in trade/services industries.
  • Full name
    VTB Bank Kazakhstan
  • Registration country
  • Industry