October 2024 – Kinstellar has successfully advised the mandated lead arrangers and bookrunners on joint stock company Halyk Bank of Kazakhstan's US$300 million syndicated term loan, which comprises 1-year and 3-year tranches.
This marks Halyk Bank's return to the international syndicated loan market, allowing it to secure vital funding and diversify its capital base under competitive terms. This significant transaction reopens the international syndicated loan market for Kazakhstan banks, highlighting growing international confidence in the sector.
The deal was led by Citibank, London Branch, Abu Dhabi Commercial Bank, and Commerzbank.
Our legal team was led by partners Joel Benjamin and Adlet Yerkinbayev, with support from Senior Associate Aigerim Raikhanova and Associate Alfiya Sharipova.