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The Secured Lender

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September 23, 2024

Source: Latham & Watkins

Cross-practice team represents the banks on Halyk Bank's return to the international syndicated loan market for the first time since 2008.

Latham & Watkins has advised the banks on Halyk Bank of Kazakhstan’s successful signing of its US$300 million syndicated term loan, comprising one-year and three-year tenor tranches. This facility marks Halyk Bank's return to the international syndicated loan market for the first time since 2008. Through the new facility, which is available for general corporate purposes, Halyk Bank is able to further diversify its funding sources at attractive terms.

The transaction was launched at US$200 million and upsized to US$300 million as a result of oversubscription. The facility was supported by 12 banks across North America, Europe, the Middle East, and Asia.

The Latham team was led by London partners Vladimir Mikhailovsky, James Chesterman, and Mikhail Turetsky, with associate Phil Rigley.