HALYK FINANCE JSC NOTIFIES ABOUT EXTENDING THE TIME FOR ACCEPTING THE ORDERS FOR PARTICIPATION IN PLACEMENT OF TENGE EUROBONDS OF DEVELOPMENT BANK OF KAZAKHSTAN JSC
26.06.25 18:59
/KASE, June 26, 2025/ – Halyk Bank Subsidiary Halyk Finance JSC (in the title –
Halyk Finance JSC) as a joint bookrunner provided the Kazakhstan Stock
Exchange (KASE) with a following notification:
beginning of quote
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION, DIRECTLY OR THROUGH INTERMEDIARIES, IN WHOLE OR
IN PART, IN THE UNITED STATES OF AMERICA, EXCEPT FOR QUALIFIED
INSTITUTIONAL BUYERS (QIBs) WHO ARE ALSO THE QUALIFIED
PURCHASERS (QPs) (AS DEFINED BELOW), CANADA, AUSTRALIA OR
JAPAN
THIS ANNOUNCEMENT IS NOT INTENDED FOR DISTRIBUTION TO THE
PUBLIC AND IS ADDRESSED ONLY TO MEMBERS OF KAZAKHSTAN
STOCK EXCHANGE JSC. THIS ANNOUNCEMENT IS NOT AN
ADVERTISEMENT OF SECURITIES
Halyk Finance JSC hereby announces extension of time for accepting the orders
from members of Kazakhstan Stock Exchange JSC for participation in placement
of tenge Eurobonds of Development Bank of Kazakhstan JSC (the Issuer),
issued in accordance with legislation of a foreign state (hereinafter, the
Eurobonds).
All orders from investors are accepted through the Subscription trading system
on KASE (ticker - BRKZe20).
Acceptance of orders from potential investors through the Subscription trading
system on KASE begins simultaneously with the start of placement of the
Eurobonds in the territory of a foreign state, under the same conditions for
placement of the Eurobonds (including conditions for determining the price of
their placement) as when they are placed in the territory of a foreign state.
Joint Bookrunners: Citi, Halyk Finance, Societe Generale
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EUROBONDS PARAMETERS:
---------------------------------- ----------------------------------------------------------------
Issuer name: Development Bank of Kazakhstan JSC
Issuer ratings: Baa1 (stable) / BBB- (stable) / BBB
(stable) from Moody’s / S&P / Fitch
Expected ratings of BBB- (S&P) / BBB (Fitch)
Eurobond issue:
Brief description of Eurobonds: Senior unsecured Eurobonds
issued under the English law
and placed in accordance with Rule 144A
and Regulation S
Circulation period: 3 years
Collateral: unsecured
Yield to maturity on determined after collecting the orders
Eurobonds: from investors. The final benchmark yield
to maturity for Eurobonds is 17.3% per annum
Expected nominal volume Will be determined after collection of orders
of issue:
Issue currency: Kazakhstani tenge
Settlement currency: All settlements on Eurobonds (including settlements
at the initial placement, coupon and
principal payments) are made in US dollars
Denomination: 100,000,000 (one hundred million) tenge or a larger
amount multiple of 500,000 (five hundred thousand) tenge
Applicable law: English law
Listing: Kazakhstan Stock Exchange JSC and Vienna MTF
Clearing settlement: Euroclear / Clearstream
Intended purpose: General corporate goals
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PROCEDURE FOR OFFERING THE EUROBONDS FOR PURCHASE IN KAZAKHSTAN:
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Order acceptance day: June 26, 2025
Order acceptance start time: 14:00 Almaty time
Order acceptance end time: 19:15 Almaty time
Expected date for determining June 26, 2025 (London time)
the price and volume of executed
investor orders:
Expected Settlement Date for July 3, 2025
additional placement of Eurobonds: Settlement for the initial placement are carried out
in US dollars at the official exchange rate
of US dollar to tenge at 518.50,
set on June 26, 2025, and
published on the RK National Bank's website
Order price: The "reference" field is for the yield
to maturity expressed as percentage per annum.
The "note" field is for equivalent of
an order amount in tenge.
Order volume: Order volumes must be specified in US dollars
using the US dollar to tenge exchange rate
of 518.50. The minimum order volume is 100,000,000
(one hundred million) tenge or a larger amount multiple
of 500,000 (five hundred thousand) tenge in an equivalent amount
at the official exchange rate of US dollar
to tenge at 518.50, set on June 26,
2025 and published on the website
of the RK National Bank.
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Conditions of Eurobonds settlement:
If a submitted purchase order is executed, the responsibility for delivery of
money to the CCP's account in the CD no later than 18:00 on July 2, 2025 (T+4)
lies with the trading participant that submitted the purchase order.
The buyer is responsible for accuracy of the information specified in the
buyer's order, including in terms of meeting the criteria.
By submitting a purchase order, a trading participant thus confirms availability
of money on the CCP's account in the CD or agrees to blocking by the CCP of the
single-limit collateral with subsequent delivery of money by the trading
participant to the CCP's account in the CD no later than 16:00 on July 2, 2025
(T+4) if the submitted purchase order is executed.
For all questions and additional information please contact the representatives
of Halyk Finance JSC using the following contact details: 7 (727) 339-43-77/88
(ext. 3373, 3327, 3448, 3419), ib@halykfinance.kz.
THE PRODUCER'S TARGET MARKET (IN ACCORDANCE WITH UK MIFIR) IS
EXCLUSIVELY THE QUALIFIED COUNTERPARTIES AND PROFESSIONAL
CUSTOMERS (ALL DISTRIBUTION CHANNELS). NO KEY INFORMATION
DOCUMENT HAS BEEN PREPARED IN THE EUROPEAN ECONOMIC AREA
OR THE UK ON PACKAGED RETAIL AND INSURANCE-BASED INVESTMENT
PRODUCTS (PRIIPS) AS THE EUROBONDS ARE NOT AVAILABLE TO THE
RETAIL SEGMENT IN THE EUROPEAN ECONOMIC AREA OR THE UK.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF
SECURITIES FOR SALE IN ANY JURISDICTION WHERE IT IS UNLAWFUL.
THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED
UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE
SECURITIES ACT) OR THE SECURITIES LAWS OF ANY STATE OF THE
UNITED STATES OR OTHER JURISDICTION, AND THE SECURITIES MAY
NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO, FOR THE
ACCOUNT OR BENEFIT OF, THE U.S. PERSONS (AS DEFINED IN
REGULATION S OF THE SECURITIES ACT), EXCEPT FOR CASES
COVERED BY EXEMPTION FROM 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 ONLY TO THE QUALIFIED INSTITUTIONAL BUYERS
(QIBs), AS DEFINED IN AND PURSUANT TO RULE 144A OF THE
SECURITIES ACT, THAT ARE ALSO THE QUALIFIED PURCHASERS (QPs),
AS DEFINED IN SECTION 2(A)(51) OF THE SECURITIES ACT. THE 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 IN COMPLIANCE WITH REGULATION S OF THE U.S. SECURITIES
ACT OF 1933, AS AMENDED.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR
ISSUE THE SECURITIES OR AN OFFER TO BUY, AND THE SECURITIES
REFERRED TO HEREIN MAY NOT BE SOLD IN ANY JURISDICTION IN
WHICH SUCH OFFER OR SALE WOULD BE UNLAWFUL PRIOR TO
REGISTRATION, EXEMPTION FROM REGISTRATION OR QUALIFICATION
UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. THE
OFFERING AND DISTRIBUTION OF THIS ANNOUNCEMENT AND OTHER
INFORMATION REFERRED TO HEREIN MAY BE RESTRICTED BY LAW, AND
PERSONS RECEIVING INTO POSSESSION THIS ANNOUNCEMENT OR
SUCH OTHER INFORMATION SHOULD INFORM THEMSELVES OF THE
RELEVANT RESTRICTIONS AND OBSERVE SUCH RESTRICTIONS.
FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A
VIOLATION OF SECURITIES LAWS IN ANY SUCH JURISDICTION.
THIS ANNOUNCEMENT IS INTENDED ONLY FOR PERSONS THAT (A) ARE
OUTSIDE THE UK OR (B) PERSONS WITHIN THE UK THAT ARE (I)
PERSONS WITH PROFESSIONAL EXPERIENCE IN MATTERS RELATED TO
INVESTMENTS SUBJECT TO ARTICLE 19(5) OF THE FINANCIAL SERVICES
AND MARKETS ACT OF 2000 (FINANCIAL INCENTIVES) ORDER 2005, AS
AMENDED (THE ORDER), (II) HIGH NET WORTH COMPANIES AND OTHER
PERSONS TO WHICH IT MAY LAWFULLY BE COMMUNICATED, SUBJECT
TO ARTICLE 49(2)(A)-(D) OF THE ORDER OR (III) PERSONS TO WHOM AN
INVITATION OR ENCOURAGEMENT TO PARTICIPATE IN INVESTMENT
ACTIVITIES (WITHIN THE MEANING OF ARTICLE 21 OF THE FINANCIAL
SERVICES AND MARKETS ACT OF 2000) MAY OTHERWISE LAWFULLY BE
COMMUNICATED OR CAUSED TO BE COMMUNICATED (ALL SUCH
PERSONS IN PARAGRAPHS (I), (II) AND (III) ABOVE ARE THE RELEVANT
PERSONS). PERSONS WHO ARE NOT RELEVANT PERSONS SHOULD NOT
ACT ON OR RELY ON THIS ANNOUNCEMENT. ANY INVESTMENT OR
INVESTMENT ACTIVITIES TO WHICH THIS ANNOUNCEMENT RELATES
ARE AVAILABLE ONLY TO THE RELEVANT PERSONS AND WILL ONLY BE
ENGAGED IN WITH THE RELEVANT PERSONS.
IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA, THIS
ANNOUNCEMENT IS ONLY INTENDED FOR PERSONS THAT ARE
QUALIFIED INVESTORS WITHIN THE MEANING OF THE PROSPECTUS
REGULATION (REGULATION (EU) 2017/1129). THIS ANNOUNCEMENT
DOES NOT CONSTITUTE AN ADVERTISEMENT OR A SECURITIES
PROSPECTUS FOR REGULATORY PURPOSES.
SINGAPORE SFA PRODUCT CLASSIFICATION: THE ISSUER HAS
DETERMINED AND HEREBY NOTIFIES ALL RELEVANT PERSONS (AS
DEFINED IN SECTION 309A(1) OF SFA) THAT THE SECURITIES REFERRED
TO HEREIN ARE "PRESCRIBED CAPITAL MARKETS PRODUCTS" (AS
DEFINED IN THE SECURITIES AND FUTURES (CAPITAL MARKETS
PRODUCTS) RULES OF 2018 OF SINGAPORE) AND EXCLUDE
INVESTMENT PRODUCTS (AS DEFINED IN THE MONETARY AUTHORITY
OF SINGAPORE NOTICE SFA 04-N12: INVESTMENT PRODUCT SALE
NOTICE AND MAS NOTICE FAA-N16: NOTICE OF INVESTMENT PRODUCT
RECOMMENDATIONS).
A RATING DOES NOT CONSTITUTE A RECOMMENDATION TO PURCHASE,
SELL OR HOLD SECURITIES AND MAY BE REVISED, SUSPENDED OR
WITHDRAWN AT ANY TIME BY THE RATING ORGANIZATION. SIMILAR
RATINGS FOR DIFFERENT TYPES OF ISSUERS AND FOR DIFFERENT
TYPES OF SECURITIES DO NOT NECESSARILY MEAN THE SAME THING.
THE MEANING OF EACH RATING SHOULD BE ANALYZED
INDEPENDENTLY OF ANY OTHER RATING.
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[2025-06-26]