ASIAN DEVELOPMENT BANK RAISES KZT15.2 BN ON KASE THROUGH SUBSCRIPTION, BY PLACING FIVE-YEAR INTERNATIONAL BONDS XS1937714597 (ASDBK300124) AT 1.0 % P.A. MARGIN

28.01.19, 17:47
/KASE, January 28, 2019/ – As announced earlier, an initial offering of 
international bonds XS1937714597 (ASDBK300124, KZT1,000, up to KZT15,234,400,000, 
January 28, 2019 – January 30, 2024, taking into account the possibility of 
activation by the Issuer of the call-option on January 30, 2022 and on each 
following date of payment of interest on bonds, inflation rate-indexed quarterly 
coupon: inflation+margin, actual/360) of Asian Development Bank was conducted in 
the module "Subscription" of the trading system of Kazakhstan Stock Exchange (KASE) 
on January 22, 2019 by way of subscription  to them.

"Tengri Capital MB" JSC acted as the seller during the subscription to said 
bonds.

Orders for the subscription were collected on January 22, 2019 from 11:00 to 
13:00 o'clock (Almaty time).

The nominal amount of bonds offered was up to KZT15,234,400,000 (up to 
15,234,400 pieces with face value of KZT1,000). Limit and market orders 
submitted to KASE trading system by the closed method were accepted during 
the subscription. Market order execution rate – 30 %.

As the price an order indicated the value of the fixed margin in annual 
percentage of the bond's face value, denominated with accuracy of up to the 
second decimal place. In case of market orders, the "yield at market" was 
indicated as the price. The number of financial instruments was represented by 
the number of bonds in pieces. The subscription conditions put no restrictions
on buyers with regard to the maximum number of bonds in orders submitted.

A total of three limit orders for purchase of 15,234,400 bonds were submitted to
the trading system and which were recognized as active at the moment of order 
collection ending. The margin rate in orders submitted made up 1.00 % p.a. The 
total bid during the subscription reached KZT15.2 bn, i.e. 100 % of the ask 
amount.

According to the offering results, all orders were executed in full. The Issuer 
placed 15,234,400 bonds, defining the margin rate at 1.00 % p.a., and raising 
KZT15,234,400,000.0.

According to the Central Securities Depository JSC (Almaty), all deals based on 
results of the subscription to said bonds were settled by the moment of release
of this information, the subscription is completed.

[2019-01-28]