The term of circulation of securities-5 years (maturity date-May 4, 2023). Profitability to maturity during placement was 9.25% per annum, the coupon rate was 8.95% per annum. Settlement of the transaction will be carried out on May 4 of the current year.
In comparison with the previous issue of "tenge" Eurobonds, implemented in December 2017, DBK achieved an increase in borrowing terms up to 5 years from 3 years and reduction of the coupon rate to 8.95% from 9.5% per annum. "The successful issuance of the Bank's debt securities in KZT on the world capital markets testifies to the growth of interest of international investors in financial instruments denominated in the national currency of the Republic of Kazakhstan. The investments attracted by the Bank will be directed to financing of projects on development of non-raw economy of our country ",-said chairman of the board DBK Bolat Zhamishev.
The geography of the second issue of "tenge" of Eurobonds of the bank is represented by the investors from the UK (39% of the volume of issue), the USA and Continental Europe (29%), as well as investors from Kazakhstan (3%). 80% of the volume of the issue of securities acquire asset managers, 8%-banks and 12%-hedge funds and other investors. In absolute figures it is about more than thirty investors.
The international Road Show of paper was held from April 20 to April 25 in the cities of Almaty, London, New York and Boston. Joint book-runners of the issue were Société Générale Corporate & Investment Banking, MUFG, VTB Capital, Kazkommerts Securities.
Eurobonds of DBK of this issue will be listed on Kazakhstan (KASE) and London (LSE) stock exchanges.
The debut issue of tenge-denominated eurobonds in the amount of KZT 100 billion DBK in December 2017. The term of circulation of securities is 3 years (maturity date - December 14, 2020), profitability to maturity at placement - 9.625% per annum, coupon rate - 9.5% per annum.
