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$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
Offering price:98.382%
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
Regulating law:English
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.

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