EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT RAISES KZT80.0 BN THROUGH SUBSCRIPTION ON KASE BY PLACING FOUR-YEAR INTERNATIONAL BONDS XS2252216937 (EBRDe12) AT 1 % MARGIN TO HALF-YEAR COUPON

/KASE, November 12, 2020/ – As announced earlier, an initial offering of international bonds XS2252216937 (EBRDе12, KZT1, KZT80.0 bn, November 12, 2020 – November 12, 2024, inflation rate-indexed semi-annual coupon: inflation+margin, actual/360) of the European Bank for Reconstruction and Development was held on November 12, 2020 in the trading module "Subscription" of Kazakhstan Stock Exchange (KASE) by way of subscription. Tengri Partners Investment Banking (Kazakhstan) acted as the Seller during the subscription to these bonds. The nominal volume of bonds offered was up to 80,000,000,000 tenge (80,000,000,000 pieces with a face value of KZT1). A price in a bid stipulated the value of the 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" was indicated as the price. The semi-annual coupon rate was calculated in accordance with the inflation rate in Kazakhstan. In the subscription terms no restrictions were put on buyers with regard to the maximum number of bonds in orders submitted. Two members of KASE took part in the subscription. A total of 50 limit orders with a face value of KZT80,020.0 mln were submitted to the trading system. 40 orders with a face value of KZT80,000.0 mln were acknowledged as active at the end of the order collection. The rate of the margin to the semi-annual coupon made up 1 % in orders submitted. According to the results of the offering, the issuer executed 40 active orders, thus placing the entire planned volume of KZT80,000,000,000.00. The rate of the margin to the semi-annual coupon was fixed at 1 %. 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. [2020-11-1219]