Eurasian Bank to Repurchase 30 Billion Tenge in Bonds Following Leadership Change
Photo: Eubank.kz
Eurasian Bank JSC has announced plans to partially repurchase bonds issued under Kazakhstan’s financial stability enhancement program, Orda.kz reports.
The decision follows the appointment of Shukhrat Ibragimov as Chair of the Board of Directors.
According to information published on the Kazakhstan Stock Exchange (KASE) website, the bank will buy back 300 million bonds with a face value of 100 tenge each, along with accrued but unpaid interest. The total repayment will amount to 30 billion tenge, which the bank intends to return to the state by the end of 2025.
The move was approved on October 23.
This repayment covers only part of the bank’s total 150 billion tenge debt to the state, received under the government’s financial assistance initiative.
The decision to begin repayment came shortly after Ibragimov’s appointment.
Ranked seventh on Kazakhstan’s Forbes list, Ibragimov has consolidated control of the Eurasian business group after the passing of Alexander Mashkevich, one of its founders.
Notably, Mounissa Chodieva, daughter of co-owner Patokh Chodiev, is no longer listed on the bank’s new board of directors.
Original Author: Nikita Drobny
Latest news
- Two Boiler Ruptures Reported in Jibek Joly Village — One Injured
- Fire-Damaged Orphanage Building to Be Fully Repaired Within Three Months
- Residents Report Pollution in East Kazakhstan’s Chernevaya River Near Gold Mining Site
- Kyrgyzstan: Japarov Calls for Energy Conservation Amid Ongoing Power Shortages
- Justice Department Officials in Jambyl Region to Face Trial for Bribery
- Mothers of Soldiers Killed in Peacetime Protest Outside House of Ministries
- Atyrau Oil Refinery Resumes Full Operations After Maintenance
- Audit Uncovers Major Violations in Agriculture and Food Safety Sectors
- Kazakhstan’s Security Service Seizes Illegal Weapons in Large-scale Operation
- Boxer Claims Police Assault During Detention in Petropavlovsk
- Supreme Court Acquits Wrongfully Convicted in Jambyl Region Drug Cases
- Head of Fraud-Accused “Tender Exchange” Speaks Out About the Scheme and Unpaid Debts
- From Missiles to Scrap: Kazakhstan Is Still Clearing the Remains of Its Nuclear Past
- Digital Archaeologist: How Artificial Intelligence Is Helping to Study Kazakhstan’s Petroglyphs
- Kazakhstan’s Civil Aviation Compliance Rises to 95.7% — ICAO Audit Shows
- Crypto Entrepreneur Roman Novak and His Wife Killed in UAE
- Week In Review: Meetings, Logistics, And More...
- Türkiye Issues Arrest Warrant for Netanyahu
- MP Abzal Kuspan Clarifies His Remarks on Legalizing Polygamy
- Almaty Court Upholds Sentences in Deadly Hostel Fire Case
