/KASE, May 2, 2018/ – Development Bank of Kazakhstan (Astana), whose bonds are
officially listed on Kazakhstan Stock Exchange (KASE), has provided the following
press release to KASE:
quote
Development Bank of Kazakhstan JSC (subsidiary of the Baiterek National Management
Holding JSC, hereinafter, the Bank, DBK) carries out the second issue of KZT
denominated Eurobonds in the amount of KZT 100 billion. The term of circulation
of securities-5 years (maturity date - May 4, 2023). Profitability to maturity
during placement was 9.25% per annum, the coupon rate was 8.95% per annum.
Settlement of the transaction will be carried out on May 4 of the current year.
In comparison with the previous issue of "tenge" Eurobonds, implemented in
December 2017, DBK achieved an increase in borrowing terms up to 5 years from 3
years and reduction of the coupon rate to 8.95% from 9.5% per annum. "The
successful issuance of the Bank's debt securities in KZT on the world capital
markets testifies to the growth of interest of international investors in
financial instruments denominated in the national currency of the Republic of
Kazakhstan. The investments attracted by the Bank will be directed to financing
of projects on development of non-raw economy of our country",-said chairman of
the board DBK Bolat Zhamishev.
unquote
Detailed information is available on KASE website (in Russian) –
http://kase.kz/files/emitters/BRKZ/brkz_reliz_280418_1.pdf
[2018-05-02]