Development Bank of Kazakhstan announces tender bids received before deadline for collecting early bids, as part of offer to buyback international bonds XS2337670694, US25159XAD57 (BRKZe12)

21.09.22 16:49
/KASE, September 21, 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 21, 2022: quote DEVELOPMENT BANK OF KAZAKHSTAN JSC ANNOUNCES TENDER BIDS RECEIVED BEFORE THE DEADLINE FOR COLLECTION OF EARLY BIDS UNDER THE TENDER OFFER FOR BUYBACK OF OWN BONDS WITH COUPON RATE 2.95 % APR, SUBJECT TO REDEMPTION IN 2031, FOR A TOTAL AMOUNT OF PRINCIPAL DEBT OF UP TO USD300,000,000, WITH PAYMENT OF INTEREST IN CASH FOR BONDS BEING REPUCHASED On September 7, 2022, Development Bank of Kazakhstan JSC (the "Offeror"), a joint-stock company incorporated in the Republic of Kazakhstan, announced the launch of an Offer to Buyback ("Tender Offer") the Bonds with a coupon rate of 2.95% per annum and a maturity of 2031 (Regulation S ISIN: XS2337670694; Rule 144A of ISIN/CUSIP: US25159XAD57/25159XAD5) issued by the Offeror ("Bonds"), with interest paid for the redeemable Bonds in cash, for a total principal amount of up to US$300,000,000 ("Maximum Tender Offer amount"). The Tender Offer is made in accordance with the terms and conditions set forth in the Tender Offer dated September 7, 2022 (the "Purchase Offer"). Capitalized terms used in this announcement shall have the meanings given in the Purchase Offer. As of 17:00 o’clock, New York City time, on September 20, 2022 (the "Early Bids Collection Deadline"), the Bonds were duly offered (and not revoked) for buyback for a total principal amount of the Bonds of US$214,041,000. Since the total principal amount of the Bonds duly offered for buyback and not withdrawn by the Early Bids Collection Deadline is less than the Maximum Tender Offer Amount, the Offeror intends to accept all such Bonds for buyback (without apportioning the number of Bonds to be repurchased among the Holders). The Tender Offer will expire at 23:59 o’clock, New York City time, on October 4, 2022 (the "Tender Offer End Date") unless the offer is renewed or terminated early. Bids withdrawal deadline expired at 17:00 o’clock, New York City time, on September 20, 2022. unquote The full version of the press release is available – [2022-09-21]