HALYK FINANCE JSC NOTIFIES ABOUT START OF ACCEPTING THE ORDERS FOR PARTICIPATION IN ADDITIONAL PLACEMENT OF DOLLAR EUROBONDS XS3358410002 (BTRKe6) OF NATIONAL INVESTMENT HOLDING BAITEREK JSC
/KASE, July 01, 2026/ – Halyk Finance JSC as a joint lead manager and bookrunner provided the following notice to Kazakhstan Stock Exchange (KASE):
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THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR THROUGH INTERMEDIARIES, IN WHOLE OR IN PART, IN THE UNITED STATES OF AMERICA (EXCEPT FOR QUALIFIED INSTITUTIONAL BUYERS (QIBs) WHO ARE ALSO THE QUALIFIED PURCHASERS (QPs) AS DEFINED BELOW), AS WELL AS IN CANADA, AUSTRALIA OR JAPAN
THIS ANNOUNCEMENT IS NOT INTENDED FOR DISTRIBUTION TO THE PUBLIC AND IS ADDRESSED ONLY TO MEMBERS OF KAZAKHSTAN STOCK EXCHANGE JSC. THIS ANNOUNCEMENT IS NOT AN ADVERTISEMENT OF SECURITIES IN THE REPUBLIC OF KAZAKHSTAN
Halyk Finance JSC hereby announces the start of accepting the orders from members of Kazakhstan Stock Exchange JSC for participation in additional placement of bonds of NIH Baiterek JSC (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 (ticker is BTRKe6_).
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.
Joint Bookrunners: J.P. MorganSociete Generale and Halyk Finance.
EUROBONDS PARAMETERS:
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Issuer name: NIH Baiterek JSC
Issuer ratings: Baa1 (stable) on the Moody's scale
BBB (stable) on the Fitch scale
Eurobond issue ratings: Baa1 (Moody's) / BBB (Fitch)
Parameters of the placed brief description of Eurobonds:
issue of Eurobonds: Eurobonds of senior unsecured debt
issued under the English law
and placed in accordance with Rule 144A
and Regulation S
nominal volume of the Eurobond issue - $500 mln
coupon rate - 5.200% per annum with payments every
6 months
issue date - May 6, 2026
maturity date - May 6, 2033
ISIN: XS3358410002, US05709XAA81
Expected nominal volume of Will be determined after collection of orders
additional placement of Eurobonds:
Currency of additional placement of Eurobonds: US dollar
ISIN for additional issue XS3435234599 (temporary ISIN for a period of 40 days
(additional placement) of Eurobonds: from the Settlement Date for additional placement of Eurobonds)
Settlement currency: All settlements on Eurobonds (including settlements
at additional placement, coupon and principal payments
are made in US dollars)
Denomination: $200,000 (two hundred thousand) or a greater
amount multiple of $1,000 (one thousand)
Applicable law: English law
Listing: Kazakhstan Stock Exchange JSC and Vienna MTF
Clearing settlement: Euroclear / Clearstream
Intended purpose: General corporate purposes, including provision
of financing to the Issuer's subsidiaries
Yield to maturity on determined after collecting the orders from investors.
additional placement of Eurobonds: Benchmark of yield to maturity for additional placement
of Eurobonds is 5.45% per annum
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PROCEDURE FOR OFFERING THE EUROBONDS FOR PURCHASE IN KAZAKHSTAN:
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Order acceptance day: July 1, 2026
Order acceptance start time 14:00 Almaty time
Order acceptance end time: 19:00 Almaty time
Expected date for determining July 1, 2026 (London time)
the price and volume of executed
investor orders:
Expected Settlement Date for July 8, 2026
additional placement of Eurobonds: Settlement for additional placement is made in US dollars
Order price: The yield to maturity is indicated, expressed
as a percentage per annum. In case of submission of market orders,
the yield value is not specified.
Order volume: Order volumes must be specified in US dollars.
Minimum order volume – $200,000 (two hundred thousand)
or a greater amount multiple of $1,000 (one thousand)
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Conditions of Eurobonds settlement:
By submitting a purchase order, a trading participant agrees to blocking by KASE Clearing Centre JSC (hereinafter, 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 12:00 on July 8, 2026 if the submitted purchase order is executed.
Information on execution of orders (allocation) will be provided to trading participants who submitted the orders on July 2, 2026, via the KASE's trading and clearing system.
If a submitted purchase order is executed, the responsibility for delivery of money to the CCP's account in the CD no later than 12:00 on July 8, 2026 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.
Please note that the additionally issued Eurobonds have been assigned a temporary ISIN that is different from the ISIN assigned in May 2026 to the initially offered Eurobonds in the amount of $500 mln. The temporary ISIN is valid for 40 days from the date of additional placement of Eurobonds (July 8, 2026). Assignment of temporary ISIN is required under the applicable US securities legislation to distinguish the additionally issued Eurobonds, which American investors cannot purchase for 40 days after the issue date, from the originally issued bonds. After this 40-day period, the additionally issued Eurobonds will be combined with the initially placed Eurobonds and all Eurobonds, regardless of their issue date, will be traded under the same ISIN assigned to the initially placed Eurobonds.
For all questions and additional information please contact the representatives of Halyk Finance JSC using the following contact details:
Halyk Finance: +7 (727) 339-43-77/88 (ext. 3373, 3448, 3356), ib@halykfinance.kz
THE PRODUCER'S TARGET MARKET (MIFID II/UK MIFIR, PRODUCT ADMINISTRATION) IS EXCLUSIVELY THE QUALIFIED COUNTERPARTIES AND PROFESSIONAL CUSTOMERS (VIA ALL DISTRIBUTION CHANNELS). NO EEA/UK KEY INFORMATION DOCUMENT FOR RETAIL AND INSURANCE STRUCTURED INVESTMENT PRODUCTS (PRIIPS) (INCLUDING UK PRIIPS KID / CCI PRODUCT SUMMARY) HAS BEEN PREPARED BECAUSE THE BONDS ARE NOT AVAILABLE TO THE RETAIL SEGMENT IN THE EEA AND THE UK.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION WHERE IT IS UNLAWFUL. THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT) OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION OF THE U.S., AND THE SECURITIES MAY NOT BE OFFERED OR SOLD IN THE U.S. OR TO, FOR THE ACCOUNT OR BENEFIT OF THE U.S. PERSONS (AS DEFINED IN REGULATION S OF THE SECURITIES ACT), EXCEPT FOR CASES COVERED BY EXEMPTION FROM REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE LAWS OF OTHER JURISDICTIONS, OR IN TRANSACTIONS NOT SUBJECT TO THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE LEGISLATION OF OTHER JURISDICTIONS. THE SECURITIES WILL BE OFFERED FOR SALE IN THE UNITED STATES ONLY TO "QUALIFIED INSTITUTIONAL BUYERS" (QIBs) AS DEFINED IN AND PURSUANT TO RULE 144A OF THE SECURITIES ACT, WHO ARE ALSO "QUALIFIED PURCHASERS" (QPs) AS DEFINED IN SECTION 2(A)(51) OF THE U.S. INVESTMENT COMPANY ACT OF 1940, AS AMENDED, AND WILL BE OFFERED FOR SALE OUTSIDE THE UNITED STATES ONLY TO PERSONS WHO ARE NOT U.S. CITIZENS, IN COMPLIANCE WITH REGULATION S OF THE SECURITIES ACT.
INFORMATION IN THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR AND INVITATION TO OFFER TO BUY, AND THE SECURITIES MAY NOT BE SOLD IN ANY JURISDICTION IN WHICH SUCH OFFER, INVITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION, EXEMPTION FROM REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LEGISLATION OF ANY SUCH JURISDICTION.
DESCRIPTION OF THESE AND CERTAIN OTHER RESTRICTIONS ON OFFERS, SALE AND TRANSFER OF THE BONDS, AND DISTRIBUTION OF THE BASE MEMORANDUM ARE CONTAINED IN THE "TRANSFER RESTRICTIONS" AND "SUBSCRIPTION AND SALE" SECTIONS OF THE BASE MEMORANDUM.
DISTRIBUTION OF THIS ANNOUNCEMENT, BASE MEMORANDUM AND ITS ANNEX MAY BE RESTRICTED BY LAW IN SOME JURISDICTIONS, AND PERSONS RECEIVING INTO POSSESSION THIS ANNOUNCEMENT OR SUCH OTHER INFORMATION SHOULD INFORM THEMSELVES OF THE RELEVANT RESTRICTIONS AND OBSERVE SUCH RESTRICTIONS.
FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF SECURITIES LAWS IN ANY SUCH JURISDICTION.
THIS ANNOUNCEMENT IS ADDRESSED ONLY TO PERSONS WHO (A) ARE OUTSIDE THE UK, OR (B) ARE IN THE UK AND (I) ARE PROFESSIONAL INVESTORS AS DEFINED IN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) OF ORDER 2005, AS AMENDED (THE ORDER), OR (II) ARE COVERED BY ARTICLE 49(2)(A)-(D) OF THE ORDER (HIGH WEALTH PERSONS AND OTHER PERSONS TO WHOM TRANSFER OF THIS ANNOUNCEMENT IS LAWFULLY PERMITTED), OR (III) ARE PERSONS TO WHOM THIS ANNOUNCEMENT MAY BE SENT WITHOUT VIOLATION OF SECTION 21 OF THE ACT (ALL SUCH PERSONS LISTED IN PARAGRAPHS (I), (II) AND (III) ABOVE ARE HEREINAFTER REFERRED TO AS THE RELEVANT PERSONS). THIS ANNOUNCEMENT MUST NOT BE EXTENDED OR SENT TO PERSONS WHO ARE NOT THE RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITIES TO WHICH THIS ANNOUNCEMENT RELATES WILL BE AVAILABLE ONLY TO THE RELEVANT PERSONS AND WILL ONLY BE ENGAGED IN WITH THE RELEVANT PERSONS.
IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA, THIS ANNOUNCEMENT IS ONLY INTENDED FOR PERSONS THAT ARE QUALIFIED INVESTORS ACCORDING TO THE PROSPECTUS REGULATION (REGULATION EU 2017/1129).
THIS ANNOUNCEMENT DOES NOT CONSTITUTE A PROSPECTUS ACCORDING TO REGULATION (EU) 2017/1129 THAT IS A PART OF DOMESTIC LEGISLATION UNDER THE UK EUROPEAN UNION WITHDRAWAL ACT 2018 (UK PROSPECTUS REGULATION). THE BASIC MEMORANDUM, ITS ANNEX AND THE PRICE APPENDIX WILL BE AVAILABLE AFTER THEIR PUBLICATION AT: see more
SINGAPORE PRODUCT CLASSIFICATION SFA: THE ISSUER HAS DETERMINED AND HEREBY NOTIFIES ALL RELEVANT PERSONS (DEFINED IN SECTION 309A(1) OF SFA) THAT THE SECURITIES REFERRED TO HEREIN ARE "PRESCRIBED PRODUCTS IN CAPITAL MARKETS" (AS DEFINED IN THE SINGAPORE SECURITIES AND FUTURES RULES (PRODUCTS IN CAPITAL MARKETS) 2018) AND EXCEPTED INVESTMENT PRODUCTS (AS DEFINED BY THE SINGAPORE'S AUTHORIZED BODY FOR MONETARY REGULATION, SFA NOTICE 04-N12: INVESTMENT PRODUCT SALE NOTICE AND MAS NOTICE FAA-N16: NOTICE OF INVESTMENT PRODUCT RECOMMENDATIONS).
A RATING DOES NOT CONSTITUTE A RECOMMENDATION TO PURCHASE, SELL OR HOLD SECURITIES AND MAY BE REVISED, SUSPENDED OR WITHDRAWN AT ANY TIME BY THE RATING ORGANIZATION. SIMILAR RATINGS FOR DIFFERENT TYPES OF ISSUERS AND DIFFERENT TYPES OF SECURITIES DO NOT NECESSARILY MEAN THE SAME THING. THE MEANING OF EACH RATING SHOULD BE ANALYZED INDEPENDENTLY OF ANY OTHER RATING.
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[2026-07-01]