Halyk Finance announces successful completion of deals on issue and offering of Eurobonds of Development Bank of Kazakhstan, denominated in tenge and in US dollars

11.05.21 15:44
/KASE, May 11, 2021/ – Subsidiary of Halyk Savings Bank of Kazakhstan "Halyk Finance" (Almaty, in the heading – Halyk Finance) has provided Kazakhstan Stock Exchange (KASE) with the following press release dated May 11, 2021: quote On May 6, 2021, settlements were made on deals related to the issue and offering of Eurobonds of Development Bank of Kazakhstan JSC (hereinafter – a DBK) denominated in the Kazakh tenge and in US dollars as part of the DBK Program for the issue of medium-term notes for a total amount of 3 billion US dollars. The issue of Eurobonds in tenge was placed in the amount of 100 billion tenge with a maturity of 5 years, the issue of Eurobonds in US dollars – in the amount of 500 million US dollars with a maturity of 10 years. Halyk Finance acted as a Joint Lead Manager and Bookrunner for this issue. The collection of global orders for purchase of DBK Eurobonds took place on April 29, 2021. The collection of orders in the territory of the Republic of Kazakhstan was carried out through a subscription on Kazakhstan Stock Exchange JSC (hereinafter – KASE) in parallel with the collection of global orders. At the opening of the order book, the indicative yield to maturity was announced in the range of 11.00% -11.50% per annum for the issue of Eurobonds in tenge and at the level of 3.375% per annum for the issue of Eurobonds in US dollars. In the process of collecting orders, high demand from investors contributed to a decrease in the levels of indicative yield to maturity to 11.00-11.25% for the issue of Eurobonds in tenge and to 3.25% – for the issue of Eurobonds in US dollars. The final benchmark of the indicative yield to maturity on the Eurobonds in tenge was 11.00% per annum, the final range for the Eurobonds in US dollars was set at 3.0% -3.125% per annum. Shortly after the order book was closed, DBK set the final yield of the new issue of tenge-denominated Eurobonds at 11.00% with a coupon of 10.95% per annum and an offering price of 99.812%. The final yield of the new issue of Eurobonds in US dollars was fixed at 3.0% per annum with a coupon of 2.95% per annum and an offering price of 99.571%. Following the offering of Eurobonds in tenge, the orders of investors who submitted them through subscription on KASE were executed in the amount of 1.45 billion tenge or 11.6% of the total volume of orders accepted by KASE. The total volume of demand for Eurobonds in US dollars during the subscription on KASE amounted to USD185.5 million, following the offering results, orders in the amount of USD181.2 million, or 97.7% of the total volume of orders accepted by KASE, were executed. The volume of orders accepted by KASE in the total volume of the global order book for the purchase of Eurobonds in tenge and in US dollars amounted to 8.2% and 18.3%, respectively. unquote The full version of the press release is posted on KASE website – https://kase.kz/files/emitters/HFIN/hfin_reliz_110521_1.pdf [2021-05-11]