/KASE, August 14, 2020, August 10, 2020 news repeat/ – Kazakhstan Stock Exchange
(KASE, or the Exchange) announces that an initial offering of Eurobonds XS2214305737
of the European Bank for Reconstruction and Development will be conducted in KASE
trading system on August 17, 2020 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 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 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 August 17, 2020 from 09:30 to
11:00 Nur-Sultan time. 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 August 17, 2020, 12:00 o’clock Nur-Sultan time; the date of providing
the register of executed orders by the Seller to the Exchange is August 17, 2020,
13:00 Nur-Sultan time; the settlement date is August 19, 2020. 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 –