$1 bln of 10 year Eurobonds Sold by Development Bank of Kazakhstan
Tuesday 27 November 2012
ALMATY (KASE press service) – Herewith JSC Halyk Finance, a subsidiary organization of Halyk Savings Bank of Kazakhstan, announces results of the initial offering of 10-yeard Eurobonds with the total issue volume of US $1 bln of JSC Development Bank of Kazakhstan (the Issuer), issued under their Issuer’s Program for issue of global notes to the amount of up to $2 bln and registered in compliance with the legislation of a foreign state.
After the end of order collection on November 26, 2012 the Issuer fixed the cut-off price corresponding with the Notes’ yield to maturity at 4.326% APR. The total face value of the issue made up $1 bln (with the total volume of orders collected totalling about $3.43 bln). $130.2 mln (or 13.02% of the issue’s total face value) was distributed amongst Kazakhstan’s investors. The total volume of orders submitted by Kazakhstan’s investors made up $10.65 mln. Whereas 47.5% came from commercial banks, 47.5% – from pension funds and 5% – from brokerage firms and their clients.
Below are the final parameters of the Notes issue:
|Issuer:||JSC Development Bank of Kazakhstan|
|Expected ratings:||BBB+ (S&P), Baa3 (Moody’s), BBB (Fitch)|
|Issue’s total face value:||$1,000,000,000|
|Settlement date:||December 10, 2012|
|Maturity date:||December 10, 2022|
|Coupon rate:||4.125% APR|
|Coupon payment dates:||June 10 and December 10 each year|
|Yield to maturity at offering:||4.326% APR|
|Time base at coupon amount calculation:||30/360|
|Issue format:||In accordance with Rule 144А and Regulation S of the US act on Securities|
|Denomination:||$200.000 or higher face value multiple of $1,000 Joint Lead Managers and Bookrunners: JSC Halyk Finance, J.P. Morgan, VTB Capital|
|Bonds status:||Senior unsecured|
|Listing:||KASE, London Stock Exchange|
JSC Development Bank of Kazakhstan is a national development institute of the government of the Republic of Kazakhstan for financing of manufacturing sector of the Kazakhstan’s economy. 100% of shares of JSC Development Bank of Kazakhstan belong to Joint-stock company Sovereign wealth fund Samruk-Kazyna.