/KASE, May 21, 2025/ – ForteBank JSC (KASE ticker – ASBN) reported the
following:
quote
ForteBank announces the successful raising of its first syndicated loan in the
amount of USD 200 million from 14 international banks from Europe, the Middle
East and Latin America. The deal became the debut for ForteBank in the
international syndicated loan market.
The initially announced volume of financing was significantly increased due to
the high level of oversubscription, which underlines the high level of
confidence on the part of international creditors in the financial stability
and development strategy of ForteBank, as well as in the macroeconomic course
of the Republic of Kazakhstan.
The transaction was organized by Commerzbank Aktiengesellschaft and
MashreqBank psc. Commerzbank Aktiengesellschaft also acted as the
documentation agent and acts as the loan agent.
unquote
The full press release in Kazakh and Russian is available at
https://kase.kz/files/emitters/ASBN/asbn_relizs_200525_1.pdf
[2025-05-21]