Development Bank of Kazakhstan JSC Eurobonds Successfully Listed on AIX

Through AIX, investor orders totalling KZT 59 billion and USD 68.5 million were allocated

Astana International Exchange (“AIX” or “the Exchange”) is pleased to announce the successful listing of the Development Bank of Kazakhstan’s (“DBK”) dual-tranche Senior Unsecured Bonds denominated in KZT and USD for a total amount of 300 billion KZT and 500 million USD accordingly. The Notes have been rated “Baa1” by Moody’s and “BBB” by Fitch.

The bonds are also admitted to trading on the Vienna MTF and KASE.

Parameters for the KZT tranche:

interest rate – 18.4% due on each 16th of April and October with maturity date on October 16, 2028.

Parameters of the USD tranche:

interest rate – 4.6% due each 31st of January and July with maturity date on January 31, 2031.

All payments under both tranches, including coupon and principal payments shall be made in US Dollars.

Results of the issuances: oversubscription 2.4 times and 1.9-time for local currency and USD tranches accordingly, evidenced a strong investor demand.

Through AIX, investor orders totalling KZT 59 billion and USD 68.5 million were allocated.

Citigroup Global Markets Limited, ForteFinance JSC, J.P. Morgan Securities plc, Mashreqbank psc and Société Générale acted as joint lead managers.

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. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. www.aix.kz

The Astana International Financial Centre (AIFC) is a leading financial hub in the Eastern Europe and Central Asia region, designed to connect global capital with the vast opportunities of emerging markets. Positioned at the crossroads of Europe and Asia, the AIFC combines international best practices with innovative approaches to create a world-class platform for investment, business, and financial services. Since its establishment in 2018, the AIFC has attracted over USD 15.9 bln in investments into Kazakhstan’s economy. Over 4,000 companies from 80+ countries, including the USA, the UK, China, Turkiye, the Republic of Korea, Singapore, and others, are registered within the AIFC’s jurisdiction. www.aifc.kz