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ALMATY, Nov 2 (Reuters) - Kazakh lender Kazkommertsbank will redeem a $470 million Eurobond issue this week, the bank's managing director, Beibit Apsenbetov, said on Monday. "We will repay about $470 million," Apsenbetov told reporters. Some analysts have feared more Kazakh banks could follow the example of BTA and Alliance, two large local lenders that went into default this year and sought to restructure their debts. Kazakh banks have been hit hard by the global crisis after years of rapid growth fuelled by foreign borrowing. (Reporting by Olga Orininskaya; writing by Olzhas Auyezov; editing by Simon Jessop) Keywords: KAZKOMMERTSBANK/EUROBOND (olzhas.auyezov@reuters.com; +7 7272 508500; Reuters Messaging: olzhas.auyezov.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.
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