/KASE, April 29, 2019, April 22, 2019 news repeat/ – Kazakhstan Stock Exchange
(KASE, or the Exchange) announces that on 13 May an initial offering of
international bonds XS1982112572 of the European Bank for Reconstruction and
Development by way of subscription to them will be conducted in KASE's trading
system. The issuance of said bonds is carried out under the Global Medium-Term
Note Programme (GMTN Programme) governed by English Law.
The issuer has ratings AAA/Aaa/AAA from S&P, Moody's and Fitch accordingly,
the outlook "stable".
Tengri Capital MB, JSC (hereinafter – the Seller) acts as the Seller when
conducting a subscription.
The nominal volume of to be placed bonds is up to 60,000,000,000 tenge.
A price in a bid should stipulate the value of the fixed margin to the
semi-annual coupon rate as percentage of the face value of the bond with
accuracy of up to second decimal place. In the case of market bids, the "market
yield" is indicated as the price. The semi-annual coupon rate is calculated
with reference to the monthly Kazakhstan Consumer Price Index.
The nominal amount in tenge should be indicated as the quantity of financial
instruments in the application. The minimum lot is 1,000 tenge.
Reception of the bids for the subscription will be held on May 13, 2019 from
11:00 to 12:30 Almaty time (ALT). Subscription permits both limited and market
orders, submitted to the KASE trading system in a closed manner. The degree
of satisfaction of market orders – 30 %.
The date of providing the Seller with the register of submitted bids by the
Exchange is May 13, 2019; the date of the provision of the register of satisfied
bids by the Seller to the Exchange's is May 13, 2019; the settlement date is
May 15, 2019. Settlement is carried out by Central Securities Depository JSC.
Orders for participation in the subscription are submitted to the stock exchange
only through KASE members of the "stock" category. The full list of KASE members
by category is published at
http://kase.kz/en/membership
According to the terms of this subscription, the last name, first name and
patronymic (if available) of an individual or the name of a legal entity are
provided as additional information about the investor disclosed to the Seller of
the bonds.
The Rules of Subscription to Securities are available on KASE website –
http://kase.kz/files/normative_base/rules_ipo_eng.pdf
[2019-04-29]