/KASE, September 7, 2022/ – Development Bank of Kazakhstan JSC (Nur-Sultan),
whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release dated September 7, 2022:
DEVELOPMENT BANK OF KAZAKHSTAN JSC ANNOUNCES TENDER OFFER TO REPURCHASE ITS OWN
BONDS WITH COUPON RATE 2.95 % APR REDEEMABLE IN 2031, FOR A TOTAL AMOUNT OF
PRINCIPAL DEBT OF UP TO 300,000,000 US DOLLARS, WITH PAYMENT OF INTEREST FOR
BONDS BEING REPURCHASED IN CASH
September 7, 2022 - Development Bank of Kazakhstan JSC ("Offeror"), a joint-
stock company incorporated in the Republic of Kazakhstan, announces the
launch of an Offer to Purchase ("Tender Offer") of the Notes with a coupon rate
of 2.95% per annum and a maturity date of in 2031, issued by the Offeror
("Bonds"), with payment of interest for the Bonds to be redeemed in cash, for a
total principal amount of up to USD300,000,000 ("Maximum Tender Offer
Amount"). The tender offer is made in accordance with the terms and conditions
set forth in the Purchase Offer dated September 7, 2022 (the "Purchase Offer").
The Offeror reserves the right to increase the Maximum Amount of the Tender
Offer at its own discretion.
The Tender Offer will expire at 11:59 pm, New York City time, on October 4,
2022 (the "Tender Offer End Date") unless the offer is extended or terminated
early. Holders (as defined in the Tender Offer) who offer their Bonds for
redemption may withdraw such Bonds at any time prior to 5:00 pm, New York
City time, on September 20, 2022 (the "Withdrawal Deadline").
The full version of the press release is available on –