/KASE, August 15, 2025/ – On August 11, 2025 an initial offering of international bonds XS3145682491 (sector "securities of international financial organizations", ASDBe21; KZT 23,533,572,000; 15.08.25 – 17.09.28; semi-annual coupon, 17.00 % APR, 30/360) of the Asian Development Bank was conducted in the trading system of Kazakhstan Stock Exchange (KASE, or the Exchange) by way of subscription. Below are the bid parameters and subscription results.

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:                                6                      
Number of orders submitted (all / active ones),        8 / 7                  
Volume of active orders*, mln tenge:                   25,034.0               
Bid to ask:                                            106.4 %                
Rate of coupon on orders submitted, % (on all / active ones):                 
– minimum                                              16.9000                
– maximum                                              17.0000                
– weighted average                                     16.9683 / 16.9699      
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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.
                                                                
In the total volume of active orders, banks accounted for 32.0 %, other       
institutional investors – for 47.9 %, other legal entities – for 20.1 %.      

OFFERING RESULTS:

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Volume of orders executed, bonds:                      23,533,572,000         
Volume of orders executed, KZT:                        23,533,572,000.0       
Number of orders executed:                             7                      
Number of participants, whose orders                   6                      
were executed:                                                                
Volume of orders executed, % of plan:                  100.0                  
Rate of coupon in executed orders, % APR:              17.0000                
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In terms of the main categories of investors, 34.0 % of the total volume was purchased by banks, 44.6 % – by other institutional investors, 21.4 % – by other legal entities.

According to the Central Securities Depository (Almaty), deals based on the results of subscription to said bonds have been settled by the time of publication of this information, the subscription has been completed.

OFFERING TERMS:

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Subscription date:             11.08.25        
Nominal placement volume, KZT: 23,533,572,000  
Purchase order type:           limit and market
Order collection time:         09:30–12:30     
Date and time of transactions: 11.08.25, 15:00 
Date and time of settlements:  15.08.25, 09:30 
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[2025-08-15]