/KASE, April 2, 2024/ – Development Bank of Kazakhstan JSC (Astana),
whose bonds are on the official list of the Kazakhstan Stock Exchange (KASE),
has provided KASE with the following press release dated April 2, 2024:
quote
DEVELOPMENT BANK OF KAZAKHSTAN JSC ANNOUNCES A TENDER
OFFER TO PURCHASE ALL ITS OUTSTANDING BONDS, WITH AN
INTEREST RATE OF 5.75% APR MATURING IN 2025, AS WELL AS ALL ITS
OUTSTANDING BONDS WITH AN INTEREST RATE OF 10.75% APR
MATURING IN 2025 WITH PAYMENT OF INTEREST FOR PURCHASED
BONDS IN US DOLLARS
April 2, 2024 – Development Bank of Kazakhstan JSC (the "Offeror"), a joint-
stock company incorporated in the Republic of Kazakhstan, announces the
commencement of a cash offer to purchase all of its: (i) bonds with an interest
rate of 5.75 % per annum due 2025 (the "US Dollar Bonds") issued by the
Offeror (the "US Dollar Bonds Tender Offer"); and (ii) bonds with an interest
rate of 10.75 % per annum due 2025 (the "Tenge Bonds") issued by the Offeror
(the "Tenge Bonds Tender Offer, together with the US Dollar Bonds Tender Offer,
"Tender Offers") from each Holder (as defined in the Tender Offer), on the terms
and conditions set forth in the tender offer dated April 2, 2024 (the "Tender
Offer"). Capitalized terms used but not defined herein, have the meanings set
forth in the Tender Offer. Copies of the Tender Offer are available, subject to
registration and verification of eligibility, on the Tender Offer Website:
https://projects.morrowsodali.com/dbk.
...
The US Dollar Bonds Tender Offer will expire at 5:00 p.m. New York City time on
April 30, 2024, unless extended or terminated earlier (the "Tender Offer Period
for the US Dollar Bonds"). Holders who tender their US Dollar Bonds may
withdraw such Bonds at any time, but no later than 5:00 p.m. New York City time
on April 15, 2024 (such time and date may be extended, the "Withdrawal
Deadline for US Dollar Bonds Redemption").
unquote
The full version of the press release is posted -
https://kase.kz/files/emitters/BRKZ/brkz_relizs_020424.pdf
[2024-04-02]