HALYK FINANCE NOTIFIES OF THE FINAL PRICE BENCHMARK AND EXTENDING THE ORDER COLLECTION PERIOD FOR OFFERING OF DOLLAR-DENOMINATED EUROBONDS OF NATIONAL MANAGING HOLDING "BAITEREK"
29.04.25 18:50
/KASE, April 29, 2025/ – Subsidiary organization of Halyk Bank of Kazakhstan
"Halyk Finance" JSC (in the heading – Halyk Finance JSC) as a joint bookrunner,
has provided Kazakhstan Stock Exchange (KASE) with the following notice:
quote
THIS MESSAGE IS NOT INTENDED FOR RELEASE, PUBLICATION OR
DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN THE
UNITED STATES OF AMERICA (EXCEPT FOR QUALIFIED INSTITUTIONAL
BUYERS (QIBs), WHO ARE ALSO QUALIFIED PURCHASERS (QPs), (AS
DEFINED BELOW) OF CANADA, AUSTRALIA OR JAPAN
THIS MESSAGE IS NOT INTENDED FOR DISTRIBUTION AMONG AN
UNDEFINED CIRCLE OF PERSONS AND IS ADDRESSED ONLY TO
MEMBERS OF KAZAKHSTAN STOCK EXCHANGE JSC. THIS MESSAGE IS
NOT AN ADVERTISING OF SECURITIES IN THE REPUBLIC OF KAZAKHSTAN
Hereby Halyk Finance JSC announces the start of collecting orders from
members of Kazakhstan Stock Exchange JSC to participate in the initial offering
of bonds of NMH "Baiterek" JSC (the Issuer), issued in accordance with the
legislation of a foreign state (hereinafter – Eurobonds).
All orders from investors are collected through the trading and clearing system
ASTS+ (stock market) (hereinafter – the trading and clearing system) on KASE.
Ticker – BTRKe1.
Collection of orders from potential investors through the trading and clearing
system on KASE begins simultaneously with the start of offering of Eurobonds on
the territory of a foreign state, on the same terms for the Eurobonds offering
(including the terms for determining their offering price) as when they are offered
on the territory of a foreign state.
Joint Bookrunners: Citi, Halyk Finance, J.P. Morgan
Development Finance Structuring Agent: J.P. Morgan
BOND PARAMETERS:
-------------------------------------------------------------------------------------
Issuer's name: NMH "Baiterek" JSC
Expected issue ratings: Baa1 (Moody's) / BBB (Fitch)
Issuer's ratings: Baa1 (stable) / BBB (stable) from
Moody's / Fitch
Brief description of Eurobonds: Senior Unsecured Debt Eurobonds issued under
English law and offered in accordance with
Rule 144A and Regulation S
Maturity: 3 years
Security: unsecured
Yield to maturity on Eurobonds: determined based on the results of collecting
investor orders. The final benchmark for indicative
yield to maturity on Eurobonds is 5.70% APR +/- 5 b.p.
Expected issue face value: 500 mln US dollars
Issue currency: US dollar
Settlement currency: All settlements on Eurobonds (incl.
settlements during the initial offering,
coupon and principal payments are
made in US dollars)
Denomination: 200,000 (two hundred thousand) US dollars or
a greater amount multiple of 1,000 (one
thousand) US dollars
Applicable law: English law
Listing: Kazakhstan Stock Exchange JSC and
London Stock Exchange
Clearing settlements: Euroclear / Clearstream / DTC
Purpose: General corporate purposes, including for financing
the Issuer's subsidiaries, which in turn can use this
financing for various investment and export projects,
trade financing, as well as for refinancing existing
debt
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PROCEDURE FOR OFFERING EUROBONDS FOR PURCHASE IN KAZAKHSTAN:
-----------------------------------------------------------------------------------------
Order collection day: April 29, 2025
Order collection start time: 14:00 Almaty time
Order collection end time: 19:30 Almaty time
Expected date for determining April 29, 2025 (London time)
the price and volume of executed
investor orders:
Expected settlement date: May 6, 2025
Settlements at the initial offering
are carried out in US dollars
Order price: The yield to maturity is indicated, expressed as a
percentage per annum (in the "Link" field). The price
in the order is indicated as 100
(for technical purposes only). In case of submitting
market orders, the price is indicated as "At the
counterparty's price".
Order volume: Volumes of orders must be indicated in US dollars.
The minimum order volume is 200,000 (two hundred
thousand) US dollars or a greater amount multiple
of 1,000 (one thousand) US dollars
--------------------------------------------------------------------------------------
Conditions for settlements of Eurobonds:
By submitting a purchase order, the trading participant agrees to the blocking of
the single limit's collateral by KASE Clearing Centre JSC (hereinafter – the CC)
with subsequent delivery of funds by the trading participant to the CC account in
the CD no later than 16:00, May 5, 2025 (T+4) if the submitted purchase order is
executed.
Information on the execution of orders (allocation) will be provided to the trading
participants who submitted orders on April 30, 2025 (T+1) via KASE's trading and
clearing system.
If the submitted purchase order is executed, the responsibility for the delivery of
funds to the CC account in the CD no later than 16:00, May 5, 2025 (T+4) lies
with the trading participant who submitted the purchase order.
The buyer is responsible for the accuracy of the information specified in the
buyer's order.
Investors wishing to submit an order for purchase of Eurobonds under the 144A
should contact the Joint Bookrunner, J.P. Morgan Securities Plc, directly at
emea_syndicate@jpmorgan.com, Attention: Global Syndicate Manager,
EMEA_Syndicate_Deal_Mgt@jpmorgan.com and
dcm_syndicate_middle_office@jpmchase.com
For all questions, as well as for additional information, please reach out to
representatives of Halyk Finance JSC at the following contacts:
+7 (727) 339-43-77/88 (ext. 3373, 3327, 3448, 3419), ib@halykfinance.kz.
THE MANUFACTURER'S TARGET MARKET (IN ACCORDANCE WITH UK
MIFIR) ARE EXCLUSIVELY QUALIFIED COUNTERPARTS AND
PROFESSIONAL CLIENTS (ALL DISTRIBUTION CHANNELS). NO KEY
INFORMATION DOCUMENT HAS BEEN PREPARED FOR THE EUROPEAN
ECONOMIC AREA AND THE UNITED KINGDOM FOR RETAIL AND
INSURANCE STRUCTURED INVESTMENT PRODUCTS (PRIIPS) AS THE
EUROBONDS ARE NOT AVAILABLE TO RETAIL SEGMENT IN THE
EUROPEAN ECONOMIC AREA OR IN THE UNITED KINGDOM.
THIS MESSAGE DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR
SALE IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE
SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES ACT") OR THE SECURITIES LAWS OF ANY STATE OF THE
UNITED STATES OR OTHER JURISDICTION, AND SECURITIES CANNOT BE
OFFERED OR SOLD WITHIN THE TERRITORY OF THE UNITED STATES OR
TO US PERSONS (AS DEFINED IN REGULATION S OF THE SECURITIES
ACT), OR ON THEIR ACCOUNT OR FOR THEIR BENEFITS, EXCEPT AS
PROVIDED BY AN EXEMPTION FROM THE REQUIREMENTS OF THE
SECURITIES ACT AND APPLICABLE LAWS OF OTHER JURISDICTIONS, OR
IN TRANSACTIONS NOT SUBJECT TO THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE LAWS OF
OTHER JURISDICTIONS. THE SECURITIES WILL BE OFFERED FOR SALE
IN THE UNITED STATES TO "QUALIFIED INSTITUTIONAL BUYERS" ("QIBs")
ONLY, AS DEFINED IN AND PURSUANT TO RULE 144A OF THE
SECURITIES ACT, WHICH ARE ALSO "QUALIFIED BUYERS (QP), AS
DEFINED IN SECTION 2(A)(51) OF THE SECURITIES ACT. U.S.
INVESTMENT COMPANY ACT OF 1940, AS AMENDED, AND WILL BE
OFFERED FOR SALE ONLY OUTSIDE THE UNITED STATES TO NON-U.S.
CITIZENS, PURSUANT TO REGULATION S OF THE U.S. SECURITIES ACT
OF 1933 AS AMENDED.
THIS MESSAGE IS NOT AN OFFER FOR SALE OR ISSUANCE OF
SECURITIES OR A SOLICITATION OF AN OFFER TO PURCHASE, NOR THE
SECURITIES REFERRED HEREIN MAY BE SOLD IN ANY JURISDICTION IN
WHICH SUCH OFFER OR SALE WOULD BE ILLEGAL PRIOR TO
REGISTRATION, EXEMPTION FROM REGISTRATION OR QUALIFICATION
UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. THE
OFFERING AND DISTRIBUTION OF THIS MESSAGE AND OTHER
INFORMATION REFERRED HEREIN MAY BE RESTRICTED BY LAW, AND TO
PERSONS WHO TAKE POSSESSION OF THIS MESSAGE OR SUCH OTHER
INFORMATION MUST GET ACQUAINTED WITH THE APPROPRIATE
LIMITATIONS AND MUST COMPLY WITH SUCH LIMITATIONS. FAILURE TO
COMPLY WITH THESE LIMITATIONS MAY CONSTITUTE A VIOLATION OF
SECURITIES LAWS IN ANY SUCH JURISDICTION.
THIS MESSAGE IS SENT EXCLUSIVELY TO PERSONS WHO ARE (A)
LOCATED OUTSIDE THE UK OR (B) LOCATED WITHIN THE UK AND (I) ARE
PROFESSIONALS IN TERMS OF INVESTMENTS AS DEFINED IN ARTICLE
19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL
PROMOTION) OF THE ORDER 2005,AS AMENDED ("ORDER"), (II)
COMPANIES WITH HIGH NET ASSETS VALUE AND OTHER PERSONS TO
WHICH IT MAY BE LEGALLY DISCLOSED, SUBJECT TO ARTICLE 49(2)(A)-
(D) OF THE ORDER OR (III) PERSONS WHO ARE INVITED OR INDUCED TO
PARTICIPATE IN INVESTMENT ACTIVITIES (WITH THE PURPOSE OF
ARTICLE 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000) MAY
BE OTHERWISE LAWFULLY INFORMED OR SOLICITED TO REPORT (ALL
SUCH PERSONS IN PARAGRAPHS (I), (II) AND (III) ABOVE ARE "RELEVANT
PERSONS"). PERSONS WHO ARE NOT RELEVANT PERSONS SHOULD
NOT ACT OR RELY ON THIS MESSAGE. ANY INVESTMENT OR
INVESTMENT ACTIVITY TO WHICH THIS MESSAGE REFERS IS AVAILABLE
ONLY TO RELEVANT PERSONS AND WILL BE CONDUCTED ONLY WITH
RELEVANT PERSONS.
IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA, THIS
ANNOUNCEMENT IS INTENDED ONLY FOR PERSONS WHO ARE
"QUALIFIED INVESTORS" PURSUANT TO THE PROSPECTUS REGULATION
(EU REGULATION 2017/1129). THIS ANNOUNCEMENT IS NOT AN
ADVERTISING, NOR IS IT A SECURITIES PROSPECTUS FOR THE
PURPOSE OF REGULATIONS.
SINGAPORE SFA PRODUCT CLASSIFICATION: THE ISSUER HAS
DETERMINED AND HEREBY NOTIFIES ALL RELEVANT PERSONS (AS
DEFINED IN SECTION 309A(1) OF THE SFA) THAT THE SECURITIES
REFERRED HEREIN ARE A "DESIGNATED PRODUCTS IN CAPITAL
MARKETS" (AS DEFINED IN THE SINGAPORE SECURITIES AND FUTURES
(CAPITAL MARKETS PRODUCTS) REGULATIONS 2018) AND EXEMPTED
INVESTMENT PRODUCTS (AS DEFINED BY THE SINGAPORE MONETARY
AUTHORITY, NOTICE SFA 04-N12: NOTICE OF SALE OF INVESTMENT
PRODUCTS AND MAS NOTICE FAA-N16: NOTICE OF RECOMMENDATIONS
FOR INVESTMENT PRODUCTS).
A RATING DOES NOT CONSTITUTE A RECOMMENDATION TO BUY, SELL
OR HOLD SECURITIES AND MAY BE REVIEWED, SUSPENDED OR
WITHDRAWN AT ANY TIME BY THE ORGANIZATION ASSIGNING SUCH
RATING. SIMILAR RATINGS FOR DIFFERENT TYPES OF ISSUERS AND
DIFFERENT TYPES OF SECURITIES DO NOT NECESSARILY MEAN THE
SAME THING. THE SIGNIFICANCE OF EACH RATING MUST BE ANALYZED
INDEPENDENTLY OF ANY OTHER RATING.
unquote
[2025-04-29]