Fitch rates BCC's upcoming tenge bonds at B(exp)

Sabina AmangeldiApril 15, 2014

Yesterday, Fitch assigned Bank Centercredit's two upcoming senior unsecured tenge bonds under the second bond programme an expected long-termrating of B(exp) and an expected national long-term rating of BB+(kaz)(exp).

The issues' ratings are in line with BCC's long-term local currency Issuer Default Rating of B and national long-term rating of BB+(kaz). The bank plans to issue T10bn (3-year, coupon 7.5%) and T15bn (5-year, coupon 8.0%) bonds.