Development Bank of Kazakhstan informs about tender instructions received following early bird orders deadline for offer to purchase notes XS2472852610, US48129VAA44 (BRKZe13)

29.10.24 18:24
/KASE, October 29, 2024/ – Development Bank of Kazakhstan JSC (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated October 29, 2024: quote JSC DEVELOPMENT BANK OF KAZAKHSTAN ANNOUNCES TENDER INSTRUCTIONS RECEIVED AS OF THE EARLY TENDER PARTICIPATION DEADLINE IN RESPECT OF THE OFFER TO PURCHASE FOR CASH IN U.S. DOLLARS ANY AND ALL OF ITS OUTSTANDING 5.75% NOTES DUE 2025 On 15 October 2024, JSC Development Bank of Kazakhstan (the "Offeror"), a joint stock company organised in the Republic of Kazakhstan, announced the launch of its offer to purchase for cash any and all of the outstanding 5.75% Notes due 2025 (the "Notes") issued by the Offeror (the "Tender Offer") from each Holder (as defined in the Offer to Purchase), upon the terms and subject to the conditions set forth in the offer to purchase dated 15 October 2024 (the "Offer to Purchase"). Capitalised terms used but not defined herein have the meanings set out in the Offer to Purchase. Copies of the Offer to Purchase are available, subject to registration and eligibility confirmation, from the Tender Offer Website: https://projects.sodali.com/dbk. ... Early Tender Results As of 5:00 p.m., New York City time, on 28 October 2024 (the "Early Tender Participation Deadline"), U.S.$10,600,000 in aggregate principal amount of outstanding Notes had been validly tendered and not withdrawn. The Offeror intends to accept all Notes validly tendered and not withdrawn for purchase. Payment for Notes tendered at or prior to the Early Tender Participation Deadline and accepted for purchase (comprising payment of the Total Consideration and Accrued Interest) will be made on 30 October 2024 (the "Early Settlement Date"). Following the Early Settlement Date, the remaining outstanding aggregate principal amount of the Notes is expected to be U.S.$325,146,000. The Tender Offer will expire at 5:00 p.m., New York City time, on 13 November 2024, unless extended or earlier terminated (such time and date, as the same may be extended, the "Expiration Deadline"). The Withdrawal Deadline was 5:00 p.m., New York City time, on 28 October 2024. Payment for Notes validly tendered after the Early Tender Participation Deadline but, at or prior to, the Expiration Deadline and accepted for purchase (comprising the Tender Offer Consideration of U.S.$970.00 per U.S.$1,000 and Accrued Interest, as defined in the Offer to Purchase), if any, will be made on 15 November 2024 (the "Final Settlement Date"). unquote The complete press release is available on: - https://kase.kz/files/emitters/BRKZ/brkz_relizs_291024_kz.pdf – in Qazaq; - https://kase.kz/files/emitters/BRKZ/brkz_relizs_291024_1.pdf – in Russian; - https://kase.kz/files/emitters/BRKZ/brkz_relizs_291024_en.pdf – in English. [2024-10-29]