Subscription to Eurobonds XS2093242530 of European Bank for Reconstruction and Development is held on KASE today

13.12.19, 09:30
/KASE, December 13, 2019/ – As announced earlier, an initial offering of Eurobonds XS2093242530 of the European Bank for Reconstruction and Development is conducted in the trading system of Kazakhstan Stock Exchange (KASE, or the Exchange) today by way of subscription to them. The issuer has AAA/Aaa/AAA ratings from S&P, Moody's and Fitch respectively, the outlook "Stable". 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' subaccounts in the register of accepted orders. The Rules of Conducting Subscription to Securities are available on KASE website – http://kase.kz/files/normative_base/rules_ipo_eng.pdf [2019-12-13]