Board of Directors of Development Bank of Kazakhstan takes decision to issue bonds to the amount of KZT20 bn

/KASE, November 3, 14/ – Development Bank of Kazakhstan JSC (Astana, hereinafter – the Bank), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote On October 29, 2014 the Bank's Board of Directors ... took a decision to issue bonds to the amount of up to KZT20 billion. The bond issue is supposed to be carried out by way of registering a Bond program on bond issue in the internal market to the amount of KZT100 bn for a term of 20 years provided National Bank of Republic of Kazakhstan introduces changes to the Rules of state registration of issues of corporate bonds and consideration of reports on results of offering and redemption of bonds, annulation of bond issue approved by resolution No. 269 of the Management Board of the Agency of the Republic of Kazakhstan for Regulation and Supervision of Financial Market and Financial Organizations of July 30, 2005 regarding increasing the leverage level (increasing to 7). unquote [2014-11-03]