Astana International Exchange Lists New Tranche of Development Bank of Kazakhstan Eurobonds

Astana International Exchange (“AIX” or “the Exchange”) announces the listing of a new tranche of Senior Unsecured Notes issued by Development Bank of Kazakhstan (“DBK”) under its Medium-Term Note Programme of up to USD 5 billion.

The notes are denominated in Kazakhstani tenge (KZT), have a tenor of three years, and an aggregate issuance amount of KZT 230 billion. The issuance carries a fixed coupon of 16.950%, payable on a semi-annual basis.

Assel Mukazhanova, AIX CEO, said:

“This transaction further strengthens the pipeline of local currency issuance on AIX and demonstrates ongoing progress in building a robust and diversified local capital market. Expanding issuance in tenge is an important step toward enhancing financial stability and broadening the domestic investor base.”

The joint booking participants for the transaction were J.P. Morgan, Société Générale Corporate & Investment Banking, Alatau City Invest, and ForteFinance.

Reference:

AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, the Shanghai stock exchange, the Silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. www.aix.kz

The Astana International Financial Centre (AIFC) is an independent jurisdiction where investors and business meet emerging opportunities of Kazakhstan and Central Asia in a transparent and sustainable environment backed by the principles of English Common Law. aifc.kz