/KASE, June 18, 2019, June 14, 2019 news repeat/ – Kazakhstan Stock Exchange
(KASE, or the Exchange) announces that an initial offering of Eurobonds
XS2012983693 of the European Bank for Reconstruction and Development will be
conducted in KASE trading system on June 19, 2019 by way of subscription to them.
These bonds will mature in seven years.
The issuer has AAA/Aaa/AAA ratings from S&P, Moody's and Fitch respectively,
the outlook "Stable".
Tengri Capital MB (hereinafter – the Seller) will act as the seller during the
subscription to these bonds.
The nominal volume of bonds being offered – up to KZT60,000,000,000.
A price in an order 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 depends on the inflation
rate in Kazakhstan.
The number of financial instruments in an order must be represented by the
nominal volume in tenge. The minimum lot is KZT1,000.
Orders for the subscription will be received on June 19, 2019 from 11:00 to
13:00 Almaty time (ALT). Limit and market orders submitted to KASE trading
system by the closed method will be accepted during the subscription. Market
order execution rate - 30%.
The date of providing the register of orders accepted by the Exchange to the
Seller is June 19, 2019; the date of providing the register of executed orders
by the Seller to the Exchange is June 19, 2019; the settlement date is June 21,
2019. Settlements are carried out by the Central Securities Depository JSC.
Orders for participation in the subscription are submitted to the Exchange only
through KASE members of "stock market" category. Full list of KASE members
by category is available on
http://www.kase.kz/en/membership
According to this subscription's terms the additional information on the
investor disclosed to the Seller of said bonds must include the surname, first
name, patronymic (if available) of an individual or the name of a legal entity.
The Rules of Subscription to Securities are available on KASE website –
http://kase.kz/files/normative_base/rules_ipo_eng.pdf
[2019-06-18]