EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT RAISES KZT60.0 BN THROUGH SUBSCRIPTION ON KASE BY PLACING EIGHT-YEAR INTERNATIONAL BONDS XS2027948582 (EBRDK180727) AT 0.5 % MARGIN TO HALF-YEAR COUPON
/KASE, July 18, 2019/ – As announced earlier, an initial offering of international  
bonds XS2027948582 (EBRDK180727, KZT1,000, KZT60.0 bn, July 18, 2019 –  July 18, 
2027, inflation rate-indexed semi-annual coupon: inflation+margin,  actual/360) 
of the European Bank for Reconstruction and Development was held on July 18, 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 30 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.

[2019-07-18]