/KASE, July 16, 2019/ – As announced earlier, an initial offering of Eurobonds
XS2027948582 of the European Bank for Reconstruction and Development is conducted
today in the trading system of the Kazakhstan Stock Exchange (KASE, or the Exchange)
today by way of subscription to them. These bonds are issued as part of the Global
Medium Term Notes Program (GMTN Programme).
The issuer has AAA/Aaa/AAA ratings from S&P, Moody's and Fitch respectively, the
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
The nominal volume of the bonds planned for placement is preliminary and is
subject to change on notification of the initiator of the said subscription. 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 July 16, 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 July 16, 2019, 2:30 p.m.; the date of providing the register of executed
orders by the Seller to the Exchange is July 16, 2019, 3:30 p.m.; the settlement
date is July 18, 2019. Settlements are carried out by the Central Securities
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 the terms of this subscription, 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,
details of sub-accounts of investors in the register of accepted orders.
The Rules of Subscription to Securities are available on KASE website –