/KASE, April 23, 2026/ – Teniz Capital Investment Banking JSC (KASE ticker – TCIB) reported as follows:

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National Company "Kazakhstan Temir Zholy" JSC (KTZ) has successfully completed the bookbuilding for the placement of Eurobonds with two tranches with maturities of 5 and 10 years.

Based on the results of the bookbuilding:

• The coupon rate for the 5-year tranche was 4.875%, and the yield was at the level of 5% per annum,
• The coupon rate on the 10-year tranche was 5.250% per annum, and the yield was 5.375%.

At the announced placement volume, total investor demand reached approximately $3.9 billion, exceeding supply by almost four times. This demonstrates strong interest from international investors and confirms the strong credit profile of Kazakhstan's quasi-public sector in global capital markets. However, local demand for the instrument was subdued.

Leading investment banks, including Citigroup, JPMorgan Chase, and Société Générale, acted as international underwriters. Co-underwriters included Abu Dhabi Commercial Bank, Deutsche Bank, Oman Investment Bank, and Standard Chartered Bank. Teniz Capital Investment Banking and Freedom Broker acted as local bookrunners.

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[2026-04-23]