Subscription to international bonds XS1982112069 of European Bank for Reconstruction and Development scheduled for April 23 on KASE

16.04.19 17:38
/KASE, April 16, 2019/ – Kazakhstan Stock Exchange (KASE, or the Exchange) announces that "On 23 April a subscription will be conducted on KASE for international inflation-linked bonds maturing in 2024 XS1982112069 of the European Bank for Reconstruction and Development, which currently has an issuer rating of AAA/Aaa/AAA (Standard and Poor's/Moody's/Fitch) all with stable outlook. The international bonds XS1982112069 will be documented under the Global Medium-Term Note Programme of the European Bank for Reconstruction and Development and governed by English Law. Kazakhstan Stock Exchange (KASE or the Exchange) informs that on April 23, 2019, KASE will hold a primary placement of international bonds XS1982112069 of the European Bank for Reconstruction and Development through subscription. Tengri Capital MB, JSC (hereinafter referred to as the Seller) acts as a Seller when conducting a subscription. The nominal volume of to be placed bonds is up to 60,000,000,000 tenge. A price in a bid should stipulate the value of a fixed margin to the semi-annual coupon rate as percentage of the face value of the bond with accuracy of up to second decimal place. In the case of market bids, the "market yield" is indicated as the price. The semi-annual coupon rate is calculated with reference to the monthly Kazakhstan Consumer Price Index. The nominal amount in tenge should be indicated as the quantity of financial instruments in the application. The minimum lot is 1 000 tenge. Reception of the bids for the subscription will be held on April 23, 2019 from 11:00 to 12:30 Almaty time (ALT). Subscription permits both limited and market orders, submitted to the KASE trading system in a closed manner. The degree of satisfaction of market orders - 30%. The date of providing the Seller with the register of submitted bids by the exchange is April 23, 2019; the date of the provision of the register of satisfied bids by the Seller to the Exchange's is April 23, 2019; the settlement date is April 25, 2019. Settlement is carried out by Central Securities Depository JSC. Orders for participation in the subscription are submitted to the stock exchange only through KASE members of the "stock" category. The full list of KASE members by category is published at http://kase.kz/en/membership According to the terms of this subscription, the last name, first name and patronymic (if available) of an individual or the name of a legal entity are provided as additional information about the investor disclosed to the Seller of the bonds." The Rules of Subscription to Securities are available on KASE website – http://kase.kz/files/normative_base/rules_ipo_eng.pdf [2019-04-16]