/KASE, November 14, 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 November 14, 2024:
quote
DEVELOPMENT BANK OF KAZAKHSTAN JSC ANNOUNCES FINAL
RESULTS OF ITS TENDER OFFER TO PURCHASE ALL OF ITS
OUTSTANDING NOTES, AT 5.75% APR AND DUE IN 2025, WITH INTEREST
FOR THE BONDS TO BE PAYABLE IN US DOLLARS
On November 14, 2024 – October 15, 2024, Development Bank of Kazakhstan
JSC (the "Offeror"), a joint stock company incorporated in the Republic of
Kazakhstan, announced the commencement of an offer to purchase 5.75%
Notes due 2025 (the "Notes") issued by the Offeror (the "Tender Offer"), payable
in U.S. Dollars, from each Holder (as defined in the Offer to Purchase), on the
terms and conditions set forth in the offer to purchase dated October 15, 2024
(the "Offer to Purchase"). Capitalized terms used but not defined herein have
the meanings set forth in the Offer to Purchase.
The Offeror made the Tender Offer in conjunction with an offer of new US Dollar-
denominated Eurobonds issued under the Offeror's medium-term notes
programme (the "New US Dollar Notes") (the "New US Dollar Notes Offering").
The New US Dollar Notes Offering closed on 23 October 2024. The proceeds
from the New US Dollar Notes Offering were used, among other things, to fund
the Tender Offer.
...
Final results
The Tender Offer expired at 5:00 p.m. New York City time on November 13,
2024 (the "Offer Period"). As of the close of the Offer Period, no additional
Notes had been tendered following the early bird period and the Offeror had not
accepted any additional Notes for purchase. Accordingly, there were
$325,146,000 of aggregate principal amount of Notes outstanding as of the close
of the Offer Period.
unquote
The complete press release is available at:
-
https://kase.kz/files/emitters/BRKZ/brkz_relizs_141124_eng.pdf – in English;
-
https://kase.kz/files/emitters/BRKZ/brkz_relizs_141124_1.pdf – in Russian.
[2024-11-14]