/KASE, April 9, 2025/ – Development Bank of Kazakhstan JSC (KASE ticker –
BRKZ) reported the following:
quote
DEVELOPMENT BANK OF KAZAKHSTAN JSC ANNOUNCES THE QUANTITY
OF BONDS OFFERED FOR PURCHASE BEFORE THE EXPIRY OF THE
EARLY-BIRD ORDERS COLLECTION DEADLINE PURSUANT TO THE
TENDER OFFER FOR ALL OF ITS OUTSTANDING BONDS AT 5.75% APR
AND DUE IN 2025 WITH THE PAYMENT OF CONSIDERATION FOR THE
BONDS BEING PURCHASED IN US DOLLARS
April 9, 2025 – Development Bank of Kazakhstan JSC (the "Offeror"), a joint-
stock company incorporated in the Republic of Kazakhstan, announced on March
25, 2025 the commencement of the tender offer for 5.75% Bonds due 2025 (the
"Bonds") issued by the Offeror (the "Tender Offer"), with consideration paid in
cash to each Holder (as defined in the Offer to Purchase), on the terms and
conditions set out in the offer to purchase dated March 25, 2025 (the "Offer to
Purchase"). Capitalized terms used but not defined herein have the meanings set
forth in the Offer to Purchase. Copies of the Offer to Purchase are available,
subject to registration and eligibility, on the Tender Offer Website:
https://projects.sodali.com/dbk
...
Early-bird Participation Results
As of 5:00 p.m. New York City time on April 7, 2025 (the "Early Tender Period"),
U.S. Dollar-denominated Bonds in an aggregate principal amount of $14,400,000
have been tendered and not withdrawn.
The Offeror intends to accept for purchase all Bonds that have been tendered for
purchase in the prescribed manner and have not been withdrawn. Payment for
Bonds tendered for purchase prior to the Early Tender Period and accepted for
purchase (consisting of the Aggregate Consideration and Accrued Interest) will
be made on April 9, 2025 (the "Early Settlement Date"). Following the Early
Settlement Date, the remaining aggregate principal amount of the Bonds is
expected to be $310,746,000.
unquote
Full version of the press release in Kazakh –
https://kase.kz/files/emitters/BRKZ/brkz_info_090425_kz.pdf
Full version of the press release in Russian –
https://kase.kz/files/emitters/BRKZ/brkz_relizs_090425_1.pdf
[2025-04-09]