Development Bank of Kazakhstan briefs on additional offering of international bonds XS0860582435, US25159XAB91 (BRKZe7) to the amount of $425 m

/KASE, February 7, 13/ - JSC "Development Bank of Kazakhstan" (Astana), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of February 7: quote On February 7, 2013 JSC "Development Bank of Kazakhstan" (Bank or DBK) carried out an additional offering of Eurobonds to the amount of USD425 m issued under the "Medium-term note issue program" in accordance with the legislation of the foreign state. Earlier, December 10, 2012 the Bank sold Eurobonds to a total of USD1 bn with 10 years maturity and the coupon rate of 4.125% per annum. The order book for the Bank's Eurobonds exceeded the forecast collection almost 3 times. After the end of the order collection on February 6, 2013, in spite of the unstable situation on global financial markets, the Bank fixed the cut-off price corresponding to the yield to maturity of 4.20% per annum, which is lower than the yield at the primary offering in December 2012 (4.326%). Thus the total face value of Eurobonds of the 6th issue with the coupon rate of 4.125 % maturing in 2022 under DBK's "Medium-term note issue program" made up USD1,425 m. JP Morgan, VTB Capital and Halyk Finance acted as joint managers and bookrunners of the issue. unquote [2013-02-07]