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DBK carried out the third issue of Eurobonds denominated in KZT

Development Bank of Kazakhstan JSC (subsidiary of Baiterek National Managing Holding JSC, hereinafter - the Bank, DBK) carried out the third issue of Eurobonds denominated in KZT in the amount of KZT 62.5 bln. Maturity of securities will be 5 years and the coupon rate will be 10.75% per annum. All amounts are paid in US dollars. The transaction will be settled on February 12.

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Issue of Eurobonds denominated in KZT of the Bank was proposed to investors in Europe and Kazakhstan. The Bank's bond placement geography is represented by investors from continental Europe (Italy, Germany, Switzerland, Liechtenstein, France, Denmark and Finland) – 32%, Kazakhstan - 29%, Great Britain - 28%, and other countries 11%, including investors from Russia and Middle East countries. In absolute numbers, there are more than 25 investors.

International investor meetings on the issue of the Bank's KZT Eurobonds were held from January 30 to February 4 in Frankfurt, Zurich, London and Almaty. Joint book-runners of the issue were Halyk Finance, J.P. Morgan, Societe Generale and UBS Investment Bank.

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Considering DBK’s specialization, which is lending to large projects, the funds raised through the issuance of the Bank's KZT Eurobonds allow lending to businesses on favorable terms for entrepreneurs.

"We believe that the placement of KZT Eurobonds was successful, we were able to place them on favorable terms, both according to their terms and rates. The geography of investors from 13 countries who have shown interest in the Bank's KZT Eurobonds shows that DBK is a reliable issuer and investors trust the national currency of Kazakhstan," said Dmitriy Babichev, Deputy Chairman of the DBK Management Board.

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To remind, earlier DBK has already conducted two issues of KZT denominated Eurobonds. The debut issue of Eurobonds in the amount of KZT 100 bln. was implemented in December 2017 and KZT 100 bln. in April 2018.

Development Bank of Kazakhstan JSC (DBK) is a national development Institute for the modernization and development of non-resource and infrastructure sectors of the economy of Kazakhstan, established in 2001. Main activity: development of production infrastructure and manufacturing industry, promotion and attraction of foreign and domestic investments in the country's economy. DBK is a part of the Baiterek National Managing Holding JSC.

Public Relations Department of Development Bank of Kazakhstan JSC: +7 (7172) 79 26 08 (www.kdb.kz, facebook.com/kdb.kz, Twitter@KDBkz)

АО «Банк Развития Казахстана»
проспект Мәңгілік Ел, здание 55 А, н.п. 15 Z05T3E2 Астана
+7 (7172) 79 26 79