/KASE, June 10, 2025/ – An initial offering of bonds KZ2C00013753 (KASE main market, "bonds" category, KASAb1; $1,000; $100.0 mln; semi-annual coupon 6.50 % APR, 30.05.25 – 30.05.28; 30/360) of Kazakhstan Electrolysis Plant JSC (Pavlodar) was held in the trading system of Kazakhstan Stock Exchange (KASE) today by way of subscription to them. Below are parameters of the bid and results of the subscription.

Tengri Partners Investment Banking (Kazakhstan) JSC (Almaty) acted as the seller during the subscription to these bonds.

BID PARAMETERS:

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Number of participants:                                  4                    
Number of participants' accounts:                        12                   
Number of orders submitted (all / active ones),          15 / 9               
                                                                              
incl.:                                                                        
– limit:                                                 15 / 9               
– market:                                                0 / 0                
Volume of active orders*, mln USD:                       23.3                 
incl.:                                                                        
– limit:                                                 23.3                 
– market:                                                0.0                  
Volume of active orders, equivalent in mln tenge         11,837.5             
at the rate of the National Bank of the Republic                              
of Kazakhstan:                                                                
Bid to ask:                                              116.2 %              
Weighted average "clean" price on orders                 99.9954/99.9973      
submitted, % of face value (on all / active ones):                            
Weighted average yield on orders submitted,              6.5114/6.5000        
% APR (on all / active ones):                                                 
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* active orders – orders not annulled by trade participants at expiry of order
  submission period including those confirmed by Confirmation System            
  participants.
                                                                
Of the total volume of active orders, banks accounted for 43.0 %,             
other institutional investors – for 56.0 %, individuals – for 1.0 %.
         
OFFERING RESULTS:                                                             
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Volume of orders executed, bonds:                        23,238               
Volume of orders executed, USD:                          23,279,330.1         
Volume of executed orders, equivalent in tenge           11,837,539,350.8     
at the rate of the National Bank of the Republic                              
of Kazakhstan:                                                                
Number of orders executed:                               9                    
Number of participants, whose orders were executed:      4                    
Number of participants' accounts:                        8                    
Volume of orders executed, % of plan:                    116.2                
"Clean" [rice in orders executed, % of face value:       99.9973              
Yield of bonds to maturity for buyer, % APR:             6.5000               
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According to the Central Securities Depository (Almaty), the deals on this offering by the end of settlements based on the results of the subscription were executed in full, the subscription was completed.

OFFERING TERMS:

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Subscription date:                   10.06.25        
Nominal placement volume, US dollar: 20,000,000      
Type of purchase orders:             limit and market
Order collection time:               09:30–14:30     
Price per bond, US dollar:           1,000           
Date and time of transactions:       10.06.25, 16:00 
Date and time of settlements:        10.06.25, 16:00 
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Joint underwriters are First Heartland Jusan Invest JSC, Eurasian Capital JSC, Subsidiary of Halyk Bank of Kazakhstan "Halyk Finance" JSC, BCC Invest JSC (Subsidiary of Bank CenterCredit JSC).

[2025-06-10]