TENIZ CAPITAL INVESTMENT BANKING JSC NOTIFIES ABOUT THE START OF ACCEPTING ORDERS FOR PARTICIPATION IN PLACEMENT OF DOLLAR EUROBONDS OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHSTAN
/KASE, June 24, 2025/ – Teniz Capital Investment Banking JSC as a joint bookrunner provided the following notice to the Kazakhstan Stock Exchange (KASE):
beginning of quote
Teniz Capital JSC hereby announces the start of accepting orders from members of Kazakhstan Stock Exchange JSC for participation in the initial placement of bonds of the Ministry of Finance of the Republic of Kazakhstan (the Issuer), issued in accordance with legislation of a foreign state (hereinafter, the Eurobonds).
All orders from investors are accepted through the ASTS+ trading and clearing system (stock market) (hereinafter, the trading and clearing system) on KASE.
Acceptance of orders from potential investors through the trading and clearing system on KASE begins simultaneously with the start of placement of the Eurobonds in the territory of a foreign state, under the same conditions for placement of the Eurobonds (including conditions for determining the price of their placement) as when they are placed in the territory of a foreign state.
Local Bookrunner on KASE: Teniz Capital (partner code RG_S_)
Joint Bookrunners: Citi, J.P. Morgan, Societe Generale, Teniz Capital, Halyk Finance
-----------------------------------------------------------------------------------------------
EUROBONDS PARAMETERS:
------------------------------- ---------------------------------------------------------------
Issuer name: Ministry of Finance of the Republic of Kazakhstan
Issuer ratings: Baa1 (stable) / BBB (stable) from
Moody’s / Fitch
Brief description of Eurobonds: Senior unsecured Eurobonds
issued under the English law
and placed in accordance with Rule 144A
and Regulation S
Circulation period: 7 years and 12 years
Collateral: unsecured
Yield to maturity determined after collecting the orders
is determined after from investors. The benchmark indicative yield
collection of orders: to maturity for Eurobonds is around
5.25% / 5.625%
Expected nominal at least 500 mln US dollars
volume of issue:
Issue currency: US dollar
Settlement currency: All settlements on Eurobonds (including settlements
at the initial placement, coupon and
principal payments are made in US dollars)
Denomination: 200,000 (two hundred thousand) US dollars or a greater
amount multiple of 1,000 (one thousand) US dollars
Applicable law: English law
Listing: Kazakhstan Stock Exchange JSC,
Astana International Exchange,
London Stock Exchange.
Clearing settlement: Euroclear
-----------------------------------------------------------------------------------------------
PROCEDURE FOR OFFERING THE EUROBONDS FOR PURCHASE IN KAZAKHSTAN:
-----------------------------------------------------------------------------------------------
Order acceptance day: June 24, 2025
Order acceptance start time: 14:00 Almaty time
Order acceptance end time: 18:00 Almaty time
Expected settlement date: July 3, 2025
Settlements for the initial placement
are made in US dollars
Order price: The yield to maturity is indicated, expressed
as a percentage per annum (in the "Reference" field). The price
in the order is indicated as 100 (for
technical purposes only). In case of submitting the market
orders, the price is indicated as "At the
counterparty's price".
Order volume: Order volumes must be specified in
US Dollars. Minimum order volume – 200,000
(two hundred thousand) US dollars or a greater amount
multiple of 1,000 (one thousand) US dollars
-----------------------------------------------------------------------------------------------
Conditions of Eurobonds settlement:
By submitting a purchase order, a trading participant agrees to blocking by KASE Clearing Center JSC (hereinafter, the CCP) of the single-limit collateral with subsequent delivery of money by the trading participant to the CCP's account in the CD no later than 16:00 on July 2, 2025 (T+6) if the submitted purchase order is executed.
If the submitted purchase order is executed, the responsibility for delivery of money to the CCP's account in the CD no later than 16:00 on July 2, 2025 (T+6) lies with the trading participant that submitted the purchase order.
The buyer is responsible for accuracy of the information specified in the buyer's order.
For all questions and additional information please contact the representatives of Teniz Capital Investment Banking JSC using the following contact details:
+7 776 306 7727
+7 775 714 81 65
treasury@tenizcap.kz
ib@tenizcap.kz
end of quote
[2025-06-24]