/KASE, June 4, 2025/ – Tengri Partners Investment Banking (Kazakhstan) JSC (KASE ticker – TPIB) reported as follows:

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June 4, 2025

The successful placement of secured coupon bonds of Kazakhstan Electrolysis Plant JSC (KEP), denominated in US dollars, took place on May 30, 2025, on Kazakhstan Stock Exchange JSC (KASE).

The volume of executed orders amounted to 50,983,000 US dollars with the planned placement volume of 50 million dollars. The coupon rate was determined based on the results of the subscription and amounted to 6.5% per annum. The maturity of the bonds is 3 years.

The bond issue is guaranteed by Development Bank of Kazakhstan JSC (DBK). This is the first time that DBK has acted as a guarantor for a market debt instrument of this kind. In accordance with the terms of the guarantee, DBK undertakes to make full repayment in the event of the issuer's default. Due to this structure, the issue received a Baa1 credit rating from the international rating agency Moody's, which corresponds to the investment grade.

Tengri Partners Investment Banking (Kazakhstan) JSC acted as the financial consultant for this transaction.

The underwriters were:

Jusan Invest JSC,

Subsidiary of Halyk Bank of Kazakhstan "Halyk Finance" JSC,

Eurasian Capital JSC,

BCC Invest JSC,

Tengri Partners Investment Banking (Kazakhstan) JSC.

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The full version of the press release is available at see more

[2025-06-04]