/KASE, May 2, 2024/ – Development Bank of Kazakhstan JSC, whose bonds
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press release dated May 2, 2024:
quote
DEVELOPMENT BANK OF KAZAKHSTAN JSC ANNOUNCES THE FINAL
RESULTS OF THE TENDER OFFER FOR ITS BONDS, WITH AN INTEREST
RATE OF 5.75% APR AND MATURITY IN 2025, AS WELL AS ITS BONDS
WITH AN INTEREST RATE OF 10.75 % APR AND MATURITY IN 2025 WITH
PAYMENT OF INTEREST FOR BONDS BEING PURCHASED IN US DOLLARS
On May 2, 2024 – April 2, 2024 Development Bank of Kazakhstan JSC (the
"Offeror"), a joint-stock company established in the Republic of Kazakhstan,
announced the commencement of an offer to purchase with payment of interest
in cash, all of its: (i) 5.75% p.a. bonds maturing in 2025 (the "US Dollar
Bonds") issued by the Offeror (the "US Dollar Bonds Tender Offer"); and (ii)
10.75% p.a. bonds maturing in 2025 (the "Tenge Bonds") issued by the Offeror
(the "Tenge Bonds Tender and, together with the US Dollar Bonds Tender Offer,
the "Tender Offers") from each Holder (as defined in the Offer to Purchase), on
the terms and conditions set forth in the offer to purchase dated April 2, 2024
(the "Offer to Purchase"). Capitalized terms used but not defined herein, have
the meanings set forth in the Offer to Purchase.
The Tender Offers were made in conjunction with offers of new Eurobonds (the
"New Bond Offers"), including new US dollar-denominated Eurobonds issued
under the Offeror's medium-term bond program (the "New US Dollar Bonds") and
new Kazakh tenge -denominated Eurobonds issued under the Offeror's medium-
term bond program (the "New Tenge Bonds" and, together with the New US
Dollar Bonds, the "New Bonds"). The New Bonds offerings closed on April 15,
2024. The proceeds from the New Bonds Offering were used in part to finance
the Tender Offers.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/BRKZ/brkz_relizs_020524_1.pdf
[2024-05-02]