HALYK FINANCE ANNOUNCES RESULTS OF INITIAL OFFERING OF EUROBONDS XS1713475132, US48669DAA00 (TMJLE6) OF NATIONAL COMPANY KAZAKHSTAN TEMIR ZHOLY
20.11.17 14:37
/KASE, November 20, 2017/ – Subsidiary organization of Halyk Bank of Kazakhstan
Halyk Finance (Almaty, in the heading – Halyk Finance), a member of Kazakhstan
Stock Exchange (KASE), today provided KASE with the following notice:
quote
Hereby Subsidiary organization of Halyk Bank of Kazakhstan Halyk Finance, the
joint book-runner for the issue of Eurobonds by the National Company Kazakhstan
Temir Zholy (hereinafter – the Issuer), announces results of the initial
offering of 10-year Eurobonds of the Issuer with a total issue volume of USD780
mln, being issued under laws of a foreign country.
On November 13, 2017 the Issuer collected global orders for purchase of its 10-year
Eurobonds with an expected amount of USD780 mln. Collection of orders in the territory
of the Republic of Kazakhstan was carried out through a subscription on KASE at
the same time as collection of investors' global orders. Upon collection of orders,
the Issuer on the same day fixed the cut-off price at a yield to maturity of 4.80% APR.
The total issue volume is USD780 mln. Investors that submitted their orders through
the subscription on KASE, were provided with bonds in the total face value of
USD20.8 mln (or 2.7% of the issue volume). In the total volume of orders submitted
during the subscription on KASE for a total of USD20.8 mln, 100% originated from
brokerage firms and their clients, and the yield to maturity announced by
investors in such orders didn't exceed 4.80% p.a. Thus, orders submitted through
KASE, were executed by the Issuer in full.
Settlements on these securities were carried out on November 17, 2017, also on
executed orders, submitted through KASE – via Euroclear.
Below are final parameters of the bond issue.
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Issuer: NC Kazakhstan Temir Zholy
Guarantors: Kaztemirtrans, KTZ – Cargo transportation
Expected issue ratings: Baa3 (Moody's) / BBB- (Fitch)
Issue amount at face value: U.S. $780,000,000
Settlement date: November 17, 2017
Redemption date: November 17, 2027
Offering price: 100.393%
Coupon rate: 4.85% p.a.
Coupon payment date: May 17 and November 17 annually,
beginning from May 17,2018
Yield to maturity at offering: 4.80% p.a.
Time base for coupon 30/360
calculation:
Issue format: In accordance with Rule 144A /
Regulations S of US Act on Securities
Denomination: U.S. $200.000 or higher face value,
multiple of U.S. $1.000
Regulating law: English
Listing: KASE, Irish Stock Exchange (Global Exchange
Market)
CUSIP / ISIN / Common Code: Regulation S: Common Code: 171347513
ISIN: XS1713475132
Rule 144A: Common Code: 111730954
ISIN: US48669DAA00
CUSIP: 48669DAA0
Joint Global Coordinators: J.P. Morgan Securities plc and Renaissance
Securities (Cyprus) Limited
Joint book-runners: Halyk Finance, J.P. Morgan Securities
plc, MUFG Securities EMEA plc
and Renaissance
Securities (Cyprus) Limited
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unquote
[2017-11-20]