Development Bank of Kazakhstan announces placing 20.0 mln bonds KZP01Y10E822 (KZ2C00003002, BRKZb2) on KASE at 8.13 % per annum

/KASE, January 9, 15/ – Development Bank of Kazakhstan JSC (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of January 8, 2015: quote Development Bank of Kazakhstan JSC (subsidiary of National Holding Baiterek JSC – hereinafter the Bank, DBK) has placed coupon bonds worth KZT20 bn at 8.13% per annum on the Kazakhstan Stock Exchange (KASE). The issue was part of a new DBK bond program totaling to KZT100 bn (hereinafter - the Program). 20 mln bonds with maturity of 10 years have been placed. Face value of one security is KZT1,000. Coupon is to be paid twice a year. As a result of the placement trading participants submitted 2 orders by a closed method. Bid to ask was 100.03% (for KZT20.006 bn). Thus the first placement of KZT20 bn under the program was fully implemented. The Bank satisfied 100% of market orders. The given program and the issue of bonds have been assigned credit ratings from Standard & Poor's and Moody's at BBB+ and Baa3, respectively. SkyBridge Invest JSC was the market-maker on KASE within these specialized trades. Placement of coupon bonds of the Bank in national currency was first made in 2002. Thus, the current second issue of debt securities in tenge was again made by DBK after quite a long time. Also as of today the Bank conducted a series of successful placements of Eurobonds and the first issue of Islamic bonds Sukuk. unquote [2015-01-09]