HALYK FINANCE NOTIFIES OF EXTENDING PERIOD OF ACCEPTANCE OF ORDERS FOR PARTICIPATION IN OFFERING OF TENGE-DENOMINATED EUROBONDS OF DEVELOPMENT BANK OF KAZAKHSTAN
29.04.21 19:54
/KASE, April 29, 2021/ – 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
THIS MESSAGE IS NOT INTENDED FOR ISSUE, PUBLICATION OR
DISTRIBUTION, DIRECTLY OR THROUGH INTERMEDIARIES, IN WHOLE OR
IN PART, IN THE UNITED STATES OF AMERICA, EXCEPT QUALIFIED
INSTITUTIONAL BUYERS (QIBs), WHO ARE ALSO QUALIFIED BUYERS
(QPs) (ACCORDING TO THE FOLLOWING DEFINITION), CANADA,
AUSTRALIA OR JAPAN
Hereby, Halyk Finance JSC informs you about extending the period of accepting
orders from members of Kazakhstan Stock Exchange JSC for participation in the
initial offering of Eurobonds of Development Bank of Kazakhstan JSC (Issuer),
issued in accordance with the legislation of a foreign state (hereinafter –
Eurobonds) until 20:00 o'clock, Almaty time.
All orders from investors are accepted through the "Subscription" trading system
on KASE.
Acceptance of orders from potential investors through the "Subscription" trading
system on KASE begins simultaneously with the offering of Eurobonds on the
territory of a foreign state, on the same terms for determining the offering
price of Eurobonds as when offering them on the territory of a foreign state,
taking into account possible peculiarities inherent in the respective
securities markets.
Joint Bookrunners: Citi, Halyk Finance, J.P. Morgan, VTB Capital
Financial Development Structuring Agent: J.P. Morgan
BOND PARAMETERS:
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Issuer's name: Development Bank of Kazakhstan
Expected issue ratings: Baa3 (Moody's) / BBB (Fitch)
Issuer ratings: Baa3 (Moody's) / BBB (Fitch) / BB+ (S&P)
Brief description of bonds: international senior unsecured bonds issued
under English law and offered in accordance
with Rule 144A and Regulation S
Circulation term: 5 years
Security: unsecured
Yield to maturity on Eurobonds: Determined by results of the collection of
investor orders. Benchmark of indicative
yield to maturity on Eurobonds – range
11.00% -11.25% per annum. The final yield
will be set within the specified range.
Expected nominal volume up to KZT100 bn
of issue:
Issue currency: Kazakh tenge
Settlement currency: All settlements on Eurobonds (including
settlements at the initial offering, coupon and
principal payments) are made in US dollars
Face value of one security:: 100,000,000 (one hundred million) tenge
or higher face value, multiple of 500,000
(five hundred thousand) tenge
Listing: Kazakhstan Stock Exchange and
London Stock Exchange
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PROCEDURE FOR OFFERING BONDS FOR PURCHASE IN KAZAKHSTAN:
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Order collection date: April 29, 2021
Order collection start time: 13:30 Almaty time
Order collection end time: 20:00 Almaty time
Expected date for determining April 29, 2021 (London time)
the price and volume of
executed investor orders:
Expected settlement date: May 6, 2021
Settlements during the initial offering are
carried out in US dollars at the official US dollar
to tenge exchange rate of 429.33, set as of
April 29, 2021 and published on the website
of the National Bank of the Republic
of Kazakhstan
Order price: yield to maturity, expressed as a percentage
per annum, is indicated in the order as the
price. In the case of market orders, the "yield
at market " is indicated as the price
Order volume: volumes of orders must be indicated in tenge at
par. The minimum order volume is 100,000,000
(one hundred million) tenge at par or with a
large volume at par, divisible by 500,000
(five hundred thousand) tenge
-----------------------------------------------------------------------------------
Terms of settlement of Eurobonds:
By submitting a purchase order, the buyer thereby confirms that he has money to
pay for the Eurobonds he buys on an existing brokerage account with Halyk
Finance JSC or that he has an active trading line with a counterparty as
follows:
• Citigroup Global Markets Limited
• J.P. Morgan Securities plc
• VTB Capital
and assumes responsibility for the implementation of settlements in the event
that his application is satisfied.
If the submitted purchase order is executed, the responsibility for the
execution (settlement) lies with the trading participant who submitted the
purchase order.
For all questions, please contact the following representatives of Halyk
Finance:
Oleg Khvan, tel. 8 (727) 331-59-73, e-mail: O.Khvan@halykfinance.kz
Zhuldyz Zharkenova, tel. 8 (727) 331-59-27, e-mail:
Zh.Zharkenova@halykfinance.kz
Altynai Ibraimova, tel. 8 (727) 331-59-56, e-mail: A.Ibraimova@halykfinance.kz
Tamara Shadiyeva, tel. 8 (727) 331-59-26, e-mail: T.Shadiyeva@halykfinance.kz
THE MANUFACTURER'S TARGET MARKET (IN ACCORDANCE WITH MIFIR)
ARE EXCLUSIVELY QUALIFIED CONTRACTORS AND PROFESSIONAL
CLIENTS (ALL DISTRIBUTION CHANNELS). NO KEY INFORMATION
DOCUMENT IN THE EUROPEAN ECONOMIC AREA AND IN THE UNITED
KINGDOM ON RETAIL AND INSURANCE STRUCTURED INVESTMENT
PRODUCTS (PRIIPS) IS NOT PREPARED BECAUSE BONDS ARE NOT
AVAILABLE FOR THE RETAIL SEGMENT IN THE EUROPEAN ECONOMIC
ZONE OR IN THE UNITED KINGDOM.
THIS MESSAGE IS NOT INTENDED FOR RELEASE, PUBLICATION OR
DISTRIBUTION, DIRECTLY OR VIA INTERMEDIARY IN THE UNITED STATES
OF AMERICA, CANADA, AUSTRALIA, OR JAPAN. THE MATERIALS ARE NOT
AN OFFER OF SECURITIES FOR SALE IN THE USA, AND CANNOT BE
OFFERED OR SOLD IN THE USA WITHOUT REGISTRATION OR
REGISTRATION EXEMPTION, AS PROVIDED BY THE 1933 US SECURITIES
ACT, AS AMENDED BY REGULATIONS AND RELATED PROVISIONS.
THERE IS NO INTENTION TO REGISTER ANY PART OF AN OFFER IN THE
USA OR MAKE A PUBLIC SECURITIES OFFER IN THE USA, AND
SECURITIES WILL BE OFFERED FOR SALE IN THE USA ONLY TO
"QUALIFIED INSTITUTIONAL BUYERS" (QIBs), AS IT IS DEFINED IN
REGULATION 144A OF THE US SECURITIES ACT, 1933, AS AMENDED,
WHICH ARE ALSO "QUALIFIED PURCHASERS" (QPs), AS DEFINED IN
SECTION 2 (A) (51) OF THE INVESTMENT COMPANIES ACT OF 1940, AS
AMENDED, AND WILL BE OFFERED FOR SALE OUTSIDE THE US ONLY TO
NON-US CITIZENS, PURSUANT TO PROVISION S OF THE US SECURITIES
ACT 1933, AS AMENDED.
THIS ANNOUNCEMENT IS NOT AN OFFER FOR SALE OR ISSUE OF
SECURITIES OR AN OFFER TO PURCHASE, AND THERE CAN ALSO BE NO
SALE OF SECURITIES REFERRED TO IN THIS DOCUMENT IN ANY
JURISDICTION, IN WHICH AN OFFER, OFFERING OR SALE WOULD BE
UNLAWFUL PRIOR TO REGISTRATION, REGISTRATION EXEMPTION OR
QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH
JURISDICTION. THE OFFER AND DISTRIBUTION OF THIS NOTICE AND
OTHER INFORMATION REFERRED TO IN THIS DOCUMENT MAY BE
LIMITED BY LAW, AND PERSONS TO WHOSE OWNERSHIP THIS MESSAGE
OR SUCH OTHER INFORMATION ARRIVE, MUST REVIEW THE APPLICABLE
RESTRICTIONS AND MUST OBSERVE SUCH RESTRICTIONS. FAILURE TO
OBSERVE THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF
SECURITIES LAW UNDER ANY SUCH JURISDICTION.
RECIPIENTS OF THIS ANNOUNCEMENT WHO INTEND TO PURCHASE ANY
SECURITIES IN THE FUTURE SHOULD REMEMBER THAT ANY SUCH
PURCHASE OR SUBSCRIPTION MUST BE DONE ONLY ON THE BASIS OF
INFORMATION, CONTAINED IN THE FINAL VERSIONS OF THE BASIC
PROSPECTUS OF THE PROGRAM AND PROSPECTUS OF ISSUE
PUBLISHED IN RELATION TO ANY SUCH SECURITIES.
THIS ANNOUNCEMENT HAS NOT BEEN PREPARED OR APPROVED BY
ANY AUTHORIZED PERSON IN THE CONTEXT OF SECTION 21 OF GREAT
BRITAIN LAW BY THE AUTHORIZED PERSON FOR PURPOSES OF
SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000, IN
THE CURRENT VERSION ("THE ACT"). THIS ANNOUNCEMENT IS NOT
DISTRIBUTED AND SHOULD NOT BE DISTRIBUTED TO PUBLIC IN THE
UNITED KINGDOM OR TO PERSONS FROM THE UNITED KINGDOM,
EXCEPT WHEN SECTION 21 (1) OF THE ACT DOES NOT APPLY.
THIS ANNOUNCEMENT IS GOING TO PERSONS WHO ARE (A) OUTSIDE
THE UK OR (B) ARE IN THE TERRITORY OF THE UK AND (I) HAVE A
PROFESSIONAL IN ISSUES REGARDING INVESTMENTS, SUBJECT TO
ARTICLE 19 (5) OF THE ORDER (PROMOTION OF FINANCIAL SERVICES)
2005 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 ("ORDER"),
EITHER (II) SUBJECT TO ARTICLE 49(2)(A)-(D) OF THE ORDER (PERSONS
WITH LARGE EQUITY AND OTHER PERSONS TO WHICH IT IS LEGALLY
PERMITTED TO TRANSFER THIS ANNOUNCEMENT), EITHER (III) ARE
PERSONS TO WHICH THIS ANNOUNCEMENT MAY BE DIRECTED
WITHOUT VIOLATION OF SECTION 21 OF THE ACT (ALL SUCH PERSONS
LISTED IN PARTS (I), (II) AND (III) ABOVE ARE REFERRED TO AS
"RELEVANT PERSONS").
THIS ANNOUNCEMENT SHOULD NOT APPLY TO PERSONS WHO ARE NOT
THE RELEVANT PERSONS, OR BE SENT TO PERSONS WHICH ARE NOT
THE RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT
ACTIVITIES TO WHICH THIS ANNOUNCEMENT RELATES, WILL BE
AVAILABLE EXCLUSIVELY TO THE RELEVANT PERSONS AND WILL ONLY
BE CARRIED OUT WITH THE RELEVANT PERSONS.
IN THE MEMBER STATES OF THE EUROPEAN ECONOMIC AREA, THIS
ANNOUNCEMENT IS INTENDED ONLY FOR PERSONS WHO ARE
"QUALIFIED INVESTORS" IN ACCORDANCE WITH THE REGULATION ON
PROSPECTUSES (EU REGULATION 2017/1129).
THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS
FOR PURPOSES OF EU REGULATION 2017/1129, BEING PART OF THE
APPLICABLE EU LEGISLATION AS DEFINED IN THE EUROPEAN UNION
AGREEMENT ACT 2018. THE BASIS PROSPECTUS OF THE PROGRAM OF
APRIL 26, 2021, THE FINAL VERSION OF THE PROSPECTUS OF BONDS
AND FINAL TERMS OF THE BOND ISSUE, AFTER PUBLICATION, WILL BE
AVAILABLE ON:
HTTP://WWW.LONDONSTOCKEXCHANGE.COM/EXCHANGE/PRICES-AND-NEWS/NEWS/MARKET-NEWS/MARKET-NEWS-HOME.HTML
THE RATING DOES NOT PROVIDE A RECOMMENDATION TO BUY, SELL
OR HOLD SECURITIES AND MAY BE REVISED, SUSPENDED OR
WITHDRAWN AT ANY TIME BY THE ORGANIZATION THAT ISSUED SUCH
RATING. SIMILAR RATINGS FOR DIFFERENT ISSUERS AND DIFFERENT
TYPES OF SECURITIES DO NOT NECESSARILY MEAN THE SAME. THE
IMPORTANCE OF EACH RATING MUST BE ANALYZED REGARDLESS OF
ANY OTHER RATING.
unquote
[2021-04-29]