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.
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.