/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outstanding Notes had been validly tendered and not withdrawn.
The Offeror intends to accept all Notes validly tendered and not withdrawn for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]