EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT RAISES KZT60.0 BN THROUGH SUBSCRIPTION ON KASE BY PLACING SEVEN-YEAR INTERNATIONAL BONDS XS2012983693 (EBRDK210626) AT 0.5 % MARGIN TO HALF-YEAR COUPON
/KASE, June 21, 2019/ – As announced earlier, an initial offering of international  
bonds XS2012983693 (EBRDK210626, KZT1,000, KZT60.0 bn, June 21, 2019 –  June 21, 
2026, inflation rate-indexed semi-annual coupon: inflation+margin, actual/360) of 
the European Bank for Reconstruction and Development was held on June 19, 2019 in 
the trading module "Subscription" of Kazakhstan Stock  Exchange (KASE) by way of 
subscription.

Tengri Capital MB acted as the Seller during the subscription.

The nominal volume of bonds offered was up to KZT60,000,000,000 (60,000,000 
pieces with a face value of KZT1,000). A price in a bid stipulated the value of 
the fixed margin to the semi-annual coupon rate as percentage of the face value
of the bond with accuracy of up to second decimal place. In the case of market 
bids, the "market yield" was indicated as the price. The semi-annual coupon rate
was calculated in accordance with the inflation rate in Kazakhstan.

In the subscription terms no restrictions were put on buyers with regard to the 
maximum number of bonds in orders submitted.

Two members of KASE took part in the subscription. A total of 31 limit orders 
with a face value of KZT60.0 bn were submitted to the trading system, which were 
acknowledged as active at the end of the order collection. The rate of the margin 
to the semi-annual coupon made up 0.5 % in orders submitted.

According to the results of the offering, the issuer executed all active orders,
thus placing the entire planned volume of KZT60,000,000,000.00. The rate of the
margin to the semi-annual coupon was fixed at 0.5 %.

According to the Central Securities Depository (Almaty), all deals were settled
by the end of the release of this information, based on results of the 
subscription; the subscription is finished.

[2019-06-21]