HALYK FINANCE ANNOUNCES START OF COLLECTION OF APPLICATIONS FOR PARTICIPATION IN OFFERING OF EUROBONDS OF NATIONAL COMPANY KAZAKHSTAN TEMIR ZHOLY
13.11.17 16:21
/KASE, November 13, 2017/ – Subsidiary organization of Halyk Bank of Kazakhstan
Halyk Finance (Almaty, in the heading and hereinafter – Halyk Finance), a member
of Kazakhstan Stock Exchange (KASE), today provided KASE with the following notice:
quote
Hereby, Halyk Finance announces starting to collect orders from members of
Kazakhstan Stock Exchange (KASE) for participating in the initial offering of
Eurobonds of National Company Kazakhstan Temir Zholy (the Issuer) being
issued under laws of a foreign country (hereinafter – Eurobonds).
All orders from investors are accepted through the trading system "Subscription"
on KASE.
Acceptance of orders from prospective investors on Kazakhstan's regulated
market will start simultaneously with the offering of the Eurobonds on the
territory of the foreign country, and on the same terms of Eurobonds pricing,
as during their offering on the territory of the foreign country, taking into
account possible specifics inherent to the relevant securities markets.
Joint managers and Joint Book-runners: Halyk Finance, J.P. Morgan Securities
plc (B&D), MUFG, Renaissance Capital
BONDS' PARAMETERS:
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Issuer name: National Company Kazakhstan Temir Zholy
Guarantors: Kaztermitrans, KTZ – Cargo Transportation
Bonds' short description: global Bonds of senior, unsecured debt
issued according to Rule144А and Reg S
of the US Securities Act
Expected nominal amount USD780 mln
of issue
Face value of one security USD200,000 (two hundred), or the higher face
value dividable by USD1,000 (one thousand)
Listing: KASE and ISE (Irish Stock Exchange)
Expected maturity: to 10 years
Initial benchmark of indicative around 5% APR (subject to possible review)
yield to maturity on Eurobonds:
Expected ratings: Baa3 (Moody's) / BBB- (Fitch)
Security: unsecured
Issue currency: US dollar
Order price: the price in an order is represented by the yield
to maturity expressed in annual percentage.
In case of market orders the price is
represented by the "market yield".
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PROCEDURE OF OFFERING OF BONDS IN KAZAKHSTAN:
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Order collection day: 13 November 2017
Order collection start time: 15:00 o'clock (Almaty time)
Order collection end time: 21:00 o'clock (Almaty time)
Expected date of price 13 November 2017 (London time)
and amount fixing:
Expected settlement date: 17 November 2017
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Terms of settlement of Eurobonds:
Submitting a purchase order, the buyer thus confirms the availability of funds
in payment of Eurobonds he buys in an operational brokerage account at Halyk
Finance or the availability of operational trade facilities involving one of the
counterparts below:
- J.P. Morgan Securities plc
- Renaissance Securities (Cyprus) Limited
- MUFG Securities EMEA plc
In case of execution of a submitted purchase order, the responsibility for
execution (settlement) rests with the trade participant who submitted the
purchase order.
With queries, as well as for additional information, please contact the
following representative of Halyk Finance:
Farkhad Okhonov, tel. +7 (727) 357-31-69, e-mail: F.Okhonov@halykfinance.kz
Sanzhar Ospanov, tel. +7 (727) 357-31-77 (ext. 3327), e-mail:
S.Ospanov@halykfinance.kz
J.P. Morgan and Renaissance Capital at as Joint Global Coordinators. Halyk
Finance, J.P. Morgan, MUFG and Renaissance Capital act as Joint Bookrunners.
The information contained herein is not for publication or distribution,
directly or indirectly, in or into the United States of America. The materials
do not constitute an offer of securities for sale in the United States. The
securities and the guarantee discussed herein have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "U.S.
Securities Act") and the securities may not be offered or sold in the United
States of America absent registration or an exemption from registration as
provided in the U.S. Securities Act, and the rules and regulations thereunder.
The securities are being offered and sold (i) outside the United States
pursuant to Regulation S and (ii) inside the United States to qualified
institutional buyers ("QIBs") within the meaning of Rule 144A under the U.S.
Securities Act. No public offering of securities is being or will be made in
the United States of America.
The information contained herein shall not constitute or form part of any offer
to sell or solicitation of an offer to buy, nor shall there be any sale of the
securities referred to herein in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration, exemption from
registration or qualification under the securities laws of any such
jurisdiction.
This communication does not constitute an offer of securities to the public in
the United Kingdom. Consequently, this communication is directed only at (i)
persons who are outside the United Kingdom, (ii) persons who have professional
experience in matters relating to investments falling within Article 19(1) of
the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005,
as amended (the "Order"), (iii) high net worth entities falling within Article
49(2) of the Order and (iv) other persons to whom it may lawfully be
communicated (all such persons together being referred to as "relevant
persons"). Any investment activity to which this communication relates will
only be available to, and will only be engaged with, relevant persons. Any
person who is not a relevant person should not act or rely on this document or
any of its contents.
A rating is not a recommendation to buy, sell or hold securities and may be
subject to revision, suspension or withdrawal at any time by the assigning
rating organization. Similar ratings for different types of issuers and on
different types of notes do not necessarily mean the same thing. The
significance of each rating should be analysed independently from any other
rating.
unquote
[2017-11-13]