/KASE, April 25, 2025/ – Development Bank of Kazakhstan JSC (KASE ticker – BRKZ) reported the following:

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DEVELOPMENT BANK OF KAZAKHSTAN JSC ANNOUNCES FINAL RESULTS OF ITS TENDER OFFER TO PURCHASE ALL OF ITS OUTSTANDING BONDS, AT 5.75 % APR AND DUE IN 2025, WITH CONSIDERATION FOR THE BONDS TO BE PAYABLE IN US DOLLARS

April 24, 2025 –Development Bank of Kazakhstan JSC (the "Offeror"), a joint stock company incorporated in the Republic of Kazakhstan, announced on March 25, 2025 that it has commenced a tender offer for 5.75 % Bonds due 2025 (the "Bonds") issued by the Offeror (the "Tender Offer"), payable in U.S. Dollars, from each Holder (as defined in the Offer to Purchase), on the terms and conditions set forth in the offer to purchase dated March 25, 2025 (the "Offer to Purchase"). Capitalized terms used but not defined herein have the meanings set forth in the Offer to Purchase.

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Early Participation Results

As of 5:00 p.m. New York City time on April 7, 2025 (the "Early Tender Period"), U.S. Dollar-denominated Notes in an aggregate principal amount of $14,400,000 have been tendered and not withdrawn.

On April 9, 2025 (the "Early Settlement Date"), the Offeror accepted for purchase all Bonds that had been duly tendered and not withdrawn by the end of the Early Settlement Period.

Final results

The Tender Offer expired at 5:00 p.m. New York City time on April 22, 2025 (the "Offer Period"). As of the close of the Offer Period, no additional Bonds had been tendered for purchase following the Early Bird Period and the Offeror had not accepted any additional Bonds for purchase. Accordingly, as of the close of the Offer Period, there remained outstanding Notes in an aggregate principal amount of $310,746,000.

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Full version of the press release in Kazakh – see more

Full version of the press release in Russian – see more

[2025-04-25]