/KASE, May 8, 2025/ – NMH "Baiterek" JSC (KASE ticker – BTRK) reported the
following:
quote
On Tuesday, April 29, 2025, Baiterek Holding successfully placed its debut issue
of Eurobonds with a coupon rate of 5.45% in the amount of USD 500 million and
a term of 3 years.
Despite unprecedented market volatility, the Holding took advantage of the
improving market conditions. The new issue was announced on Thursday, April
24, followed by an extensive marketing campaign among investors from the US,
UK, Europe and Asia. Over the course of two days, more than 30 investors met
with the Holding. Many investors were already familiar with the history of the
holding thanks to preliminary marketing meetings in the UK and the US that
Baiterek held at the end of last year and the beginning of this year.
Following positive feedback from investors, the order book was opened on
Tuesday, April 29, with an initial yield of 6%. Amid strong demand, which
exceeded $1 billion, the Holding set the transaction yield at the lower limit of
the indicative at 5.65%.
The distribution of allocations among a wide range of investors by region is as
follows: 56.1% US, 18.2% Europe, 11.1% UK, 8% Kazakhstan and 6.6% Middle
East and Asia.
unquote
The full press release in Kazakh and Russian is available at
https://kase.kz/files/emitters/BTRK/btrk_relizs_060525_1.pdf
[2025-05-08]