HALYK FINANCE ANNOUNCES START OF COLLECTION OF ORDERS FOR PARTICIPATION IN OFFERING OF KZT-DENOMINATED EUROBONDS OF DEVELOPMENT BANK OF KAZAKHSTAN
07.12.17 15:45
/KASE, December 7, 2017/ – Subsidiary organization of Halyk Bank of Kazakhstan
Halyk Finance (Almaty, in the heading and hereinafter – Halyk Finance), a member
of Kazakhstan Stock Exchange (KASE), today provided KASE with the following notice:
quote
Hereby, Halyk Finance announces starting to collect orders from members of
Kazakhstan Stock Exchange (KASE) for participating in the initial offering of
Eurobonds of Development Bank of Kazakhstan (the Issuer) being issued under
laws of a foreign country (hereinafter – Eurobonds).
All orders from investors are accepted through the trading system "Subscription"
on KASE.
Acceptance of orders from prospective investors through the trading system
"Subscription" will start simultaneously with the offering of the Eurobonds on
the territory of the foreign country, and on the same terms of Eurobonds
pricing, as during their offering on the territory of the foreign country,
taking into account possible specifics inherent to the relevant securities
markets.
Joint managers and Joint Book-runners: Halyk Finance, J.P. Morgan Securities
plc (B&D), Citi.
BONDS' PARAMETERS:
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Issuer name: Development Bank of Kazakhstan
Issuer's Ratings: Baa3 (Moody's) / BBB- (Fitch) / BB+ (S&P)
Expected issue ratings: Baa3 (Moody's) / BBB- (Fitch)
Bonds' short description: global Bonds of senior, unsecured debt
issued according to the English law and
offered in accordance with Rule144А
and Reg S of the US Securities Act
Expected nominal amount up to USD100 bn
of issue
Face value of one security KZT50,000,000 (fifty million), or the higher face
value dividable by KZT250,000 (two hundred
fifty thousand)
Listing: Kazakhstan Stock Exchange (KASE) and
London Stock Exchange
Expected term to maturity: 3 years
Yield to maturity on Eurobonds: Determined upon results of
collection of investors orders.
The indicative yield to maturity benchmark on
Eurobonds is the range from 9.625%–9.875%
p.a. The final yield will be set within said range.
Security: unsecured
Issue currency: Kazakh tenge
Settlement currency: All settlements associated with Eurobonds
(incl. settlements at initial offering, coupon
and principal debt payments) are carried out
in US dollars
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PROCEDURE OF OFFERING OF BONDS IN KAZAKHSTAN:
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Order collection day: 7 December 2017
Order collection start time: 15:30 o'clock (Almaty time)
Order collection end time: 18:30 o'clock (Almaty time)
Expected date of price 7 December 2017 (London time)
and executed investor
orders amount fixing:
Expected settlement date: 14 December 2017
settlements at initial offering are executed in
US dollars at the official USD/KZT exchange
rate of KZT 333.43, fixed on December 7, 2017
and released on the website of the National
Bank of Republic of Kazakhstan
Order price: The order price is represented by the yield to
maturity expressed in annual percentage. In
case of market orders "the market yield" is
indicated as the price
Order volume: Order volumes must be indicated in tenge.
the minimum order volume is KZT50,000,000
(fifty million) at the face value, or with the
higher volume at face value dividable by
KZT250,000 (two hundred fifty thousand)
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Terms of settlement of Eurobonds:
Submitting a purchase order, the buyer thus confirms the availability of funds
in payment of Eurobonds he buys in an operational brokerage account at Halyk
Finance or the availability of operational trade facilities involving one of the
counterparts below:
- J.P. Morgan Securities plc
- Citigroup Global Markets Limited
In case of execution of a submitted purchase order, the responsibility for
execution (settlement) rests with the trade participant who submitted the
purchase order.
With queries, as well as for additional information, please contact the
following representative of Halyk Finance:
Farkhad Okhonov, tel. +7 (727) 357-31-69, e-mail: F.Okhonov@halykfinance.kz
Nursultan Alibaev, tel. +7 (727) 357-31-77 (ext. 3326), e-mail:
N.Alibayev@halykfinance.kz
Halyk Finance, J.P. Morgan, MUFG and Renaissance Capital act as Joint
Bookrunners.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM A PART OF ANY OFFER OR SOLICITATION
TO PURCHASE OR SUBSCRIBE FOR SECURITIES IN THE UNITED STATES OR IN ANY OTHER
JURISDICTION. THE SECURITIES TO WHICH THIS ANNOUNCEMENT RELATES HAVE NOT BEEN
AND WILL NOT BE REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED
(THE "SECURITIES ACT") AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR
TO, OR FOR THE ACCOUNT OR BENEFIT OF, US PERSONS (AS SUCH TERM IS DEFINED IN
REGULATION S UNDER THE SECURITIES ACT), EXCEPT PURSUANT TO REGISTRATION OR AN
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. THERE WILL
BE NO PUBLIC OFFER OF SECURITIES IN THE UNITED STATES.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF AN OFFER OR INVITATION TO
SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO BUY OR SUBSCRIBE FOR, ANY
SECURITIES, IN THE UNITED STATES OR ANY OTHER JURISDICTION NOR SHALL IT (OR ANY
PART OF THIS ANNOUNCEMENT) OR THE FACT OF ITS DISTRIBUTION FORM THE BASIS OF, OR
BE RELIED UPON IN CONNECTION WITH, OR ACT AS ANY INDUCEMENT TO ENTER INTO, ANY
CONTRACT OR COMMITMENT OR INVESTMENT DECISION WHATSOEVER. THE DISTRIBUTION OF
THIS ANNOUNCEMENT IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW AND PERSONS
INTO WHOSE POSSESSION ANY DOCUMENT OR OTHER INFORMATION REFERRED TO HEREIN COMES
SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH RESTRICTIONS. ANY FAILURE
TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES
LAWS OF ANY SUCH JURISDICTION.
RECIPIENTS OF THIS ANNOUNCEMENT WHO INTEND TO PURCHASE ANY SECURITIES IN THE
FUTURE ARE REMINDED THAT ANY SUCH PURCHASE OR SUBSCRIPTION MUST BE MADE SOLELY
ON THE BASIS OF THE INFORMATION CONTAINED IN ANY FINAL FORM BASE PROSPECTUS AND
DRAWDOWN PROSPECTUS PUBLISHED IN CONNECTION WITH ANY SUCH SECURITIES. THIS
ANNOUNCEMENT IS NOT BEING MADE, AND THIS ANNOUNCEMENT HAS NOT BEEN APPROVED, BY
AN AUTHORISED PERSON FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES
AND MARKETS ACT 2000, AS AMENDED (THE "FSMA")(UNITED KINGDOM). THIS
ANNOUNCEMENT IS NOT BEING DISTRIBUTED TO, AND MUST NOT BE PASSED ON TO, THE
GENERAL PUBLIC IN THE UNITED KINGDOM OR TO PERSONS IN THE UNITED KINGDOM SAVE
IN THE CIRCUMSTANCES WHERE SECTION 21(1) OF THE FSMA DOES NOT APPLY.
THIS ANNOUNCEMENT IS DIRECTED ONLY AT PERSONS WHO (A) ARE OUTSIDE THE UNITED
KINGDOM OR (B) OR (B) PERSONS INSIDE THE UNITED KINGDOM WHO ARE (I) PERSONS WITH
PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHIN
ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION)
ORDER 2005, AS AMENDED (THE "ORDER"), (II) HIGH NET WORTH ENTITIES, AND OTHER
PERSONS TO WHOM IT MAY LAWFULLY BE COMMUNICATED, FALLING WITHIN ARTICLE 49(2)(A)
TO (D) OF THE ORDER OR (III) PERSONS TO WHOM AN INVITATION OR INDUCEMENT TO
ENGAGE IN INVESTMENT ACTIVITY (WITHIN THE MEANING OF SECTION 21 OF THE FINANCIAL
SERVICES AND MARKETS ACT 2000, AS AMENDED) MAY OTHERWISE LAWFULLY BE
COMMUNICATED OR CAUSED TO BE COMMUNICATED (ALL SUCH PERSONS IN (A) AND (B)
ABOVE BEING "RELEVANT PERSONS"). THIS ANNOUNCEMENT MUST NOT BE ACTED ON OR RELIED
ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT
ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS
AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS.
IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA, THIS ANNOUNCEMENT IS DIRECTED
ONLY AT PERSONS WHO ARE "QUALIFIED INVESTORS" WITHIN THE MEANING OF ARTICLE 2(1)
(E) OF DIRECTIVE 2003/71/EC (THE "PROSPECTUS DIRECTIVE") ("QUALIFIED INVESTORS").
THIS ANNOUNCEMENT IS AN ADVERTISEMENT FOR THE PURPOSES OF APPLICABLE MEASURES
IMPLEMENTING THE PROSPECTUS DIRECTIVE.
A RATING IS NOT A RECOMMENDATION TO BUY, SELL OR HOLD SECURITIES AND MAY BE
SUBJECT TO REVISION, SUSPENSION OR WITHDRAWAL AT ANY TIME BY THE ASSIGNING RATING
ORGANISATION. SIMILAR RATINGS FOR DIFFERENT TYPES OF ISSUERS AND ON DIFFERENT
TYPES OF SECURITIES DO NOT NECESSARILY MEAN THE SAME THING. THE SIGNIFICANCE OF
EACH RATING SHOULD BE ANALYSED INDEPENDENTLY FROM ANY OTHER RATING.
unquote
[2017-12-07]