Subscription to Eurobonds XS2027948582 of the European Bank for Reconstruction and Development with seven-year maturity will be held on KASE on July 16
/KASE, July 11, 2019/ – Kazakhstan Stock Exchange (KASE, or the Exchange) announces 
that an initial offering of Eurobonds XS2027948582 of the European Bank for 
Reconstruction and Development will be conducted in KASE trading system on July 
16, 2019 by way of subscription to them. These bonds will mature in seven years. 
These bonds are issued as part of the Global Medium Term Notes Program (GMTN 
Programme).

The issuer has AAA/Aaa/AAA ratings from S&P, Moody's and Fitch respectively, the 
outlook "Stable".

Tengri Capital MB (hereinafter – the Seller) will act as the seller during the 
subscription to these bonds.

The nominal volume of bonds being offered – up to KZT60,000,000,000.

A price in an order should stipulate the value of a 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" is indicated  
as the price. The semi-annual coupon rate depends on the inflation rate in 
Kazakhstan.

The nominal volume of the bonds planned for placement is preliminary and is 
subject to change on notification of the initiator of the said subscription. The
number of financial instruments in an order must be represented by the nominal 
volume in tenge. The minimum lot is KZT1,000.

Orders for the subscription will be received on July 16, 2019 from 11:00 to 13:00  
Almaty time (ALT).  Limit and market orders submitted to KASE trading system by 
the closed method will be accepted during the subscription. Market order execution 
rate - 30%.

The date of providing the register of orders accepted by the Exchange to the 
Seller is July 16, 2019, 2:30 p.m.; the date of providing the register of executed  
orders by the Seller to the Exchange is July 16, 2019, 3:30 p.m.; the settlement  
date is July 18, 2019.  Settlements are carried out by the Central Securities 
Depository JSC.

Orders for participation in the subscription are submitted to the Exchange only 
through KASE members of "stock market" category.  Full list of KASE members by 
category is available on http://www.kase.kz/en/membership

According to the terms of this subscription, additional information on the 
investor disclosed to the Seller of said bonds must include the surname, first
name, patronymic (if available) of an individual or the name of a legal entity,
details of sub-accounts of investors in the register of accepted orders.

The Rules of Subscription to Securities are available on KASE website – 
https://kase.kz/files/normative_base/rules_ipo_eng.pdf

[2019-07-12]