/KASE, April 7, 2025/ – Development Bank of Kazakhstan JSC (KASE ticker –
BRKZ) has announced the following:
quote
Development Bank of Kazakhstan JSC (a subsidiary of NMH "Baiterek" JSC,
hereinafter – the DBK, the Bank) has placed an issue of Eurobonds in the
amount of 500 million US dollars.
The parameters of the new issue of Eurobonds are as follows:
Volume – 500 million US dollars, maturity of securities – 5 years, coupon rate –
5.625 % per annum, currency – US dollar. The DBK placed Eurobonds with a
yield to maturity of 5.7 % per annum, recording one of the lowest spreads in its
history for medium-term borrowing – 159 basis points to US Treasury bonds.
Settlements for the Eurobond issue were made on April 7, 2025.
It should be noted that, based on the results of the order book formation,
investor demand for the Eurobond issue exceeded the supply volume by more than
1.8 times. The Eurobonds generated significant interest among investors, which
indicates the investment attractiveness of the securities of the Development
Bank of Kazakhstan, in particular, and Kazakhstan as a whole.
The geographical distribution in terms of investors in the Eurobonds of the
Development Bank of Kazakhstan is represented by the following countries:
Kazakhstan, the USA, the UK, countries of Europe, the Middle East and Asia.
Following the placement, 62 investors are represented in the distribution of
Eurobonds.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/BRKZ/brkz_relizs_070425_1.pdf
[2025-04-07]