HALYK FINANCE ANNOUNCES START OF COLLECTION OF ORDERS FOR PARTICIPATION IN OFFERING OF KZT-DENOMINATED EUROBONDS OF DEVELOPMENT BANK OF KAZAKHSTAN
05.02.20 16:40
/KASE, February 5, 2020/ – Subsidiary organization of Halyk Bank of Kazakhstan
Halyk Finance (Almaty, in the heading and hereinafter – Halyk Finance), a
member of Kazakhstan Stock Exchange (KASE), today provided KASE with the
following notice:
quote
NOT INTENDED FOR PUBLIC DISTRIBUTION, DIRECTLY OR IMMEDIATELY,
IN THE TERRITORY OF THE UNITED STATES OF AMERICA (including all
controlled territories), AUSTRALIA, CANADA, JAPAN OR OTHER
JURISDICTION, WHERE EXECUTION OF SUCH ACTIONS IS ILLEGAL.
Hereby, Halyk Finance announces starting to collect orders from members of
Kazakhstan Stock Exchange JSC for participating in the initial offering of
Eurobonds of Development Bank of Kazakhstan (the Issuer) being issued under
laws of a foreign country (hereinafter – Eurobonds).
All orders from investors are accepted through the trading system "Subscription"
on KASE.
Acceptance of orders from prospective investors through the trading system
"Subscription" will start simultaneously with the offering of the Eurobonds on
the territory of the foreign country, and on the same terms of Eurobonds
pricing, as during their offering on the territory of the foreign country,
taking into account possible specifics inherent to the relevant securities
markets.
Joint managers and Joint Book-runners: Halyk Finance, J.P. Morgan (B&D), UBS
Investment Bank, Societe General.
BONDS' PARAMETERS:
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Issuer name: Development Bank of Kazakhstan
Expected issue ratings: Baa3 (Moody's) / BBB- (Fitch)
Issuer's Ratings: Baa3 (Moody's) / BBB- (Fitch) / BB+ (S&P)
Bonds' short description: international bonds of senior, unsecured debt
issued according to the English law and
offered in accordance with Reg S of the
US Securities Act
Expected term to maturity: 5 years
Security: unsecured
Yield to maturity on Eurobonds: Determined upon results of
collection of investors orders.
The indicative yield to maturity benchmark on
Eurobonds is the range from 10.95%–11.05%
p.a. The final yield will be set within said range.
Expected nominal amount up to KZT100 bn
of issue
Issue currency: Kazakh tenge
Settlement currency: All settlements on Eurobonds
(incl. settlements at initial offering, coupon
and principal debt payments) are carried out
in US dollars
Face value of one security KZT50,000,000 (fifty million), or the higher face
value dividable by KZT250,000 (two hundred
fifty thousand)
Listing: Kazakhstan Stock Exchange (KASE) and
London Stock Exchange
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PROCEDURE OF OFFERING OF BONDS IN KAZAKHSTAN:
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Order collection day: 5 February 2020
Order collection start time: 15:30 o'clock (Almaty time)
Order collection end time: 18:30 o'clock (Almaty time)
Expected date of price 5 February 2020 (London time)
and executed investor
orders amount fixing:
Expected settlement date: 12 February 2020
settlements at initial offering are executed in
US dollars at the official USD/KZT exchange
rate of KZT379.3, fixed on February 5, 2020
and released on the website of the National
Bank of Republic of Kazakhstan
Order price: The order price is represented by the yield to
maturity expressed in annual percentage. In
case of market orders "the market yield" is
indicated as the price
Order volume: Order volumes must be indicated in tenge
at the face value.
The minimum order volume is KZT50,000,000
(fifty million) at the face value, or with the
higher volume at face value dividable by
KZT250,000 (two hundred fifty thousand)
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Terms of settlement of Eurobonds:
By submitting a purchase order, the buyer thus confirms the availability of
funds in payment of Eurobonds he buys in an operational brokerage account at
Halyk Finance or the availability of operational trade facilities with the
counterpart below:
- J.P. Morgan Securities plc
and takes over the responsibility for execution of settlement in case of
execution of his order.
In case of execution of a submitted purchase order, the responsibility for
execution (settlement) rests with the trade participant who submitted the
purchase order.
With queries, as well as for additional information, please contact the
following representatives of Halyk Finance:
Oleg Khvan, tel. +7 (727) 357-31-77 (ext. 3392), e-mail:
O.Khvan@halykfinance.kz
Zhuldyz Zharkenova, tel. +7 (727) 357-31-77 (ext. 3327), e-mail:
Zh.Zharkenova@halykfinance.kz
Sanzhar Ospanov, tel. +7 (727) 357-31-77 (ext. 3379), e-mail:
S.Ospanov@halykfinance.kz
Nursultan Alibaev, tel. +7 (727) 357-31-77 (ext. 3326), e-mail:
N.Alibayev@halykfinance.kz
Halyk Finance, J.P. Morgan (B&D), UBS Investment Bank, Societe General act
as Joint Bookrunners.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM A PART OF
ANY OFFER OR SOLICITATION TO PURCHASE OR SUBSCRIBE FOR
SECURITIES IN THE UNITED STATES OR IN ANY OTHER JURISDICTION.
THE SECURITIES TO WHICH THIS ANNOUNCEMENT RELATES HAVE NOT
BEEN AND WILL NOT BE REGISTERED UNDER THE US SECURITIES ACT
OF 1933, AS AMENDED (THE "SECURITIES ACT") AND MAY NOT BE
OFFERED OR SOLD IN THE UNITED STATES OR TO, OR FOR THE
ACCOUNT OR BENEFIT OF, US PERSONS (AS SUCH TERM IS DEFINED IN
REGULATION S UNDER THE SECURITIES ACT), EXCEPT PURSUANT TO
REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT. THERE WILL BE NO PUBLIC
OFFER OF SECURITIES IN THE UNITED STATES.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF AN
OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN
OFFER TO BUY OR SUBSCRIBE FOR, ANY SECURITIES, IN THE UNITED
STATES OR ANY OTHER JURISDICTION NOR SHALL IT (OR ANY PART OF
THIS ANNOUNCEMENT) OR THE FACT OF ITS DISTRIBUTION FORM THE
BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, OR ACT AS ANY
INDUCEMENT TO ENTER INTO, ANY CONTRACT OR COMMITMENT OR
INVESTMENT DECISION WHATSOEVER. THE DISTRIBUTION OF THIS
ANNOUNCEMENT IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY
LAW AND PERSONS INTO WHOSE POSSESSION ANY DOCUMENT OR
OTHER INFORMATION REFERRED TO HEREIN COMES SHOULD INFORM
THEMSELVES ABOUT AND OBSERVE ANY SUCH RESTRICTIONS. ANY
FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A
VIOLATION OF THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
RECIPIENTS OF THIS ANNOUNCEMENT WHO INTEND TO PURCHASE ANY
SECURITIES IN THE FUTURE ARE REMINDED THAT ANY SUCH PURCHASE
OR SUBSCRIPTION MUST BE MADE SOLELY ON THE BASIS OF THE
INFORMATION CONTAINED IN ANY FINAL FORM BASE PROSPECTUS AND
DRAWDOWN PROSPECTUS PUBLISHED IN CONNECTION WITH ANY SUCH
SECURITIES. THIS ANNOUNCEMENT IS NOT BEING MADE, AND THIS
ANNOUNCEMENT HAS NOT BEEN APPROVED, BY AN AUTHORISED
PERSON FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL
SERVICES AND MARKETS ACT 2000, AS AMENDED (THE "FSMA")(UNITED
KINGDOM). THIS ANNOUNCEMENT IS NOT BEING DISTRIBUTED TO, AND
MUST NOT BE PASSED ON TO, THE GENERAL PUBLIC IN THE UNITED
KINGDOM OR TO PERSONS IN THE UNITED KINGDOM SAVE IN THE
CIRCUMSTANCES WHERE SECTION 21(1) OF THE FSMA DOES NOT
APPLY.
THIS ANNOUNCEMENT IS DIRECTED ONLY AT PERSONS WHO (A) ARE
OUTSIDE THE UNITED KINGDOM OR (B) OR (B) PERSONS INSIDE THE
UNITED KINGDOM WHO ARE (I) PERSONS WITH PROFESSIONAL
EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHIN
ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000
(FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (THE "ORDER"), (II)
HIGH NET WORTH ENTITIES, AND OTHER PERSONS TO WHOM IT MAY
LAWFULLY BE COMMUNICATED, FALLING WITHIN ARTICLE 49(2)(A) TO (D)
OF THE ORDER OR (III) PERSONS TO WHOM AN INVITATION OR
INDUCEMENT TO ENGAGE IN INVESTMENT ACTIVITY (WITHIN THE
MEANING OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS
ACT 2000, AS AMENDED) MAY OTHERWISE LAWFULLY BE
COMMUNICATED OR CAUSED TO BE COMMUNICATED (ALL SUCH
PERSONS IN (A) AND (B) ABOVE BEING "RELEVANT PERSONS").THIS
ANNOUNCEMENT MUST NOT BE ACTED ON OR RELIED ON BY PERSONS
WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT
ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY
TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH
RELEVANT PERSONS.
IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA, THIS
ANNOUNCEMENT IS DIRECTED ONLY AT PERSONS WHO ARE "QUALIFIED
INVESTORS" WITHIN THE MEANING OF ARTICLE 2(1)(E) OF DIRECTIVE
2003/71/EC (THE "PROSPECTUS DIRECTIVE") ("QUALIFIED INVESTORS").
THIS ANNOUNCEMENT IS AN ADVERTISEMENT FOR THE PURPOSES OF
APPLICABLE MEASURES IMPLEMENTING THE PROSPECTUS DIRECTIVE.
THE BASE PROSPECT OF THE PROGRAM OF JANUARY 27, 2020 AND THE
FINAL VERSION OF THE USSUE PROSPECTUS, AFTER THE PUBLICATION,
WILL BE AVAILABLE ON:
HTTP://WWW.LONDONSTOCKEXCHANGE.COM/EXCHANGE/PRICES-AND-
NEWS/NEWS/MARKET-NEWS/MARKET-NEWS-HOME.HTML
A RATING IS NOT A RECOMMENDATION TO BUY, SELL OR HOLD
SECURITIES AND MAY BE SUBJECT TO REVISION, SUSPENSION OR
WITHDRAWAL AT ANY TIME BY THE ASSIGNING RATING ORGANISATION.
SIMILAR RATINGS FOR DIFFERENT TYPES OF ISSUERS AND ON
DIFFERENT TYPES OF SECURITIES DO NOT NECESSARILY MEAN THE
SAME THING. THE SIGNIFICANCE OF EACH RATING SHOULD BE
ANALYSED INDEPENDENTLY FROM ANY OTHER RATING.
unquote
[2020-02-05]