DEVELOPMENT BANK OF KAZAKHSTAN ANNOUNCES RESULTS OF OFFERING OF KZT-DENOMINATED EUROBONDS

/KASE, December 11, 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 December 11, 2017: quote Development Bank of Kazakhstan (subsidiary of National managing holding "Baiterek", hereinafter – the Bank, DBK) carries out a debut issue of EUR- denominated in the amount of KZT100 bn. Maturity – 3 years (maturity date – December 14, 2020), yield to maturity at offering – 9.625% p.a., coupon rate – 9.5% p.a. Settlement of the deal will be executed on December 14 this year. Based on results of generation of the order book, the demand (KZT170 bn) for DBK's KZT-Eurobonds substantially exceeded the supply (KZT100 bn). The Bank's bonds were offered in Great Britain (63% of the issue volume), US (21%), Germany (8%), other countries of Europe account for 6% of the issue volume, Kazakhstan – for 2%. 97% of the securities issue are purchased by asset management funds, 2% – by hedge funds, 1% – by banks. In absolute terms, there were twenty nine investors. Financial consultants and underwriters are J.P. Morgan, Citi, Halyk Finance. DBK's Eurobonds of this issue will be listed on Kazakhstan Stock Exchange (KASE) and London Stock Exchange (LSE). Development Bank of Kazakhstan JSC (DBK) is a national development institution for the modernization and development of the 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 foreign and domestic investments into the economy of the country. DBK is one of the largest investment operators of state programs of Industrial-Innovative Development. DBK is part of the structure of National Managing Holding "Baiterek"JSC. Public relations of Development Bank of Kazakhstan JSC: +7 (7172) 79 26 08 (www.kdb.kz, facebook.com/kdb.kz, Twitter@KDBkz) unquote [2017-12-11]