Development Bank of Kazakhstan on May 31 places five-year bonds KZP02Y05F512 (KZ2C00003903, BRKZb9) in the amount of KZT20.0 bn

/KASE, June 1, 2017/ – Development Bank of Kazakhstan (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release of June 1, 2017: quote "Development Bank of Kazakhstan" JSC (a subsidiary of JSC National Managing Holding "Baiterek" hereinafter referred to as the DBK, Bank) on May, 31 of the current year has placed through the trading system of "Kazakhstan Stock Exchange" JSC (KASE) the five-year bonds in the amount of 20 billion tenge with a fixed semi-annual coupon of 10,5 % per annum. The volume of submitted applications for a bond purchasing of DBK has exceeded the offer by 35 %. 23.8 % of output production was accounted for portion of broker-dealer organizations and their clients, including the insurance companies; 35 % - second-tier banks, 26.2 % - retirement assets of "The Accumulated Pension Fund" JSC and 15 % - online banking. The underwriter of the output was "Kazkommerts Securities" JSC. "This successful placement of bonds was the first for the Bank this year and is the next confirmation of the presence on the capital market of an increased interest in tenge instruments from institutional investors and market participants of the securities. The key to the success of this placement was an active work, carried out by the Bank and "Kazkommerts Securities" JSC, acting as a financial consultant and underwriter of the issuer to maximizing market and competitive placement", said Mr. Zhaksybek Chingiz, the Chairman of the Management Board of "Kazkommerts Securities" JSC. On June 6, 2017 the Bank is planned to place the seven-year bonds through KASE in the amount up to KZT 30 billion. "Against the background of expectations to reducing the base rate by the National Bank in the near future, and given the fact that the current inverse relation between yield to maturity in terms of placement and maturity of government securities, can be expected a high level of interest in the planned placement of its seven-year bonds from the investment community in the conditions of the growth of tenge liquidity at the market", - noted Mr. Chingiz Zhaksybek. "Development Bank of Kazakhstan" JSC (DBK) - is a national development institution for modernization and development of non-resource and infrastructural sectors of the economy of Kazakhstan that was established in 2001. The main activities: development of production infrastructure and manufacturing sector, assistance and attraction of external and internal investments into the economy of the country. DBK is one of the largest investment operators of the state programs of Industrial-Innovative Development. DBK is included into the structure of "Baiterek" National Management Holding. Public relations of "Development Bank of Kazakhstan" JSC: +7 (7172) 79 26 08 (www.kdb.kz, facebook.com/kdb.kz, Twitter@KDBkz) unquote [2017-06-01]