/KASE, December 12, 2019/ – Kazakhstan Stock Exchange (KASE, or the Exchange)
announces that an initial offering of Eurobonds XS2093223076 of the European Bank
for Reconstruction and Development will be conducted in KASE trading system on
December 13, 2019 by way of subscription to them.
The issuer has AAA/Aaa/AAA ratings from S&P, Moody's and Fitch respectively, the
Tengri Partners Investment Banking (Kazakhstan) (Almaty) (hereinafter – the
Seller) will act as the seller during the subscription to these bonds.
The nominal volume of bonds being offered – up to KZT58,000,000,000.
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 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 December 13, 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 is 30%.
The date of providing the register of orders accepted by the Exchange to the
Seller is December 13, 2019, 14:30 Almaty time (ALT); the date of providing the
register of executed orders by the Seller to the Exchange is December 13, 2019,
15:30 Almaty time (ALT); the settlement date is December 19, 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, details
of investors’ sub-accounts in the register of accepted orders.
The Rules of Conducting Subscription to Securities are available on KASE website –