ASIAN DEVELOPMENT BANK RAISES KZT15.4 BN THROUGH SUBSCRIPTION ON KASE BY PLACING FIVE-YEAR INTERNATIONAL BONDS XS2024657061 (ASDBK300724) AT 0.375 % MARGIN TO QUARTERLY COUPON

/KASE, July 24, 2019/ – As announced earlier, an initial offering of international bonds XS2024657061 (ASDBK300724, KZT1,000, up to KZT15,392,000,000, July 24, 2019 – July 30, 2024, taking into account possible activation of a call option by the Issuer on July 30, 2022 and on each subsequent date of payment of interest on bonds; inflation rate-indexed quarterly coupon: inflation+margin, actual/360) of the Asian Development Bank was held on July 18, 2019 in the trading module "Subscription" of Kazakhstan Stock Exchange (KASE) by way of subscription. Tengri Capital MB acted as the Seller during the subscription to these bonds. Orders for the subscription were collected on July 18, 2019 from 11:00 to 13:00 o'clock (Almaty time). The nominal volume of bonds offered was up to KZT15,392,000,000 (15,392,000 pieces with a 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 %. A price in an order stipulated the value of the fixed margin to the quarterly 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" was indicated as the price. The nominal volume in tenge was indicated as the number of financial instruments in an order. In the subscription terms no restrictions were put on buyers with regard to the maximum number of bonds in orders submitted. A total of 30 limit orders with a face value of KZT34,088,000,000 were submitted to the trading system, 11 of which with the nominal volume of KZT20,392,000,000 were acknowledged as active at the end of the order collection. The rate of the margin to the quarterly coupon made up 0.375 % (1.5 % APR) in orders submitted. Total demand during subscription reached KZT20,392,000,000, which made up 132.5% to the volume of supply. In the total volume of active orders the share of institutional investors accounted for 75.5 %, legal entities accounted for 24.5 %. According to the results of the offering, nine orders for the total amount of KZT15,392,000,000.0 were executed. The Issuer placed 15,392,000 bonds having fixed the rate of the margin to the quarterly coupon at 0.375 % (1,5 % APR). According to the Central Securities Depository (Almaty), all deals were settled by the end of the release of this information, based on results of the subscription; the subscription is finished. Meanwhile, 67,5 % of the offering volume was purchased by institutional investors, 32,5 % by legal entities. [2019-07-24]