New Issue-HSBK Europe sells $500 mln 5.5 yr senior notes

April 9 (Reuters) - HSBK Europe BV, a Netherlands-based
subsidiary of Halyk Bank of Kazakhstan HSBK.KZ (HSBKq.L: Quote, Profile, Research) , on
Wednesday sold $500 million of 5.5-year senior notes in the
144a private placement market, said market sources.

JP Morgan and UBS Investment Bank were the joint
bookrunning managers for the sale.
BORROWER: HSBK EUROPE BV*
AMT $500 MLN COUPON 9.25 PCT MATURITY 10/16/2013
TYPE SR NOTES ISS PRICE 98.948 FIRST PAY 10/16/2008
MOODY'S Baa3 YIELD 9.50 PCT SETTLEMENT 4/16/2008
S&P BB-PLUS SPREAD 692 BPS/ PAY FREQ SEMI-ANNUAL
FITCH BB-PLUS 2.5% MAR 2013 NON-CALLABLE
* GUARANTEED BY JSC HALYK BANK