Halyk Finance notifies on acceptance of orders to participate in offering of Islamic bonds sukuk Al-Murabaha of Development Bank of Kazakhstan

July 18, 2012 - Irbis IAFM

 

Kazakhstan Stock Exchange (KASE) based on the notice 
of JSC Subsidiary of Halyk Savings Bank of Kazakhstan Halyk Finance 
(Almaty), which is the joint manager and book runner of Development 
Bank of Kazakhstan (Astana) Islamic bonds "Sukuk "al-Murabaha" issue, 
notifies on acceptance of orders from the exchange members to take
part in the upcoming offering of Development Bank of Kazakhstan bonds 
being issued and registered in compliance with the legislation of 
a foreign state.

Below are parameters of mentioned bonds and the order of bonds offering 
for purchasing in Kazakhstan provided to KASE by JSC Subsidiary of Halyk
Savings Bank of Kazakhstan Halyk Finance.

quotation

The orders to participate in the upcoming offering of Development Bank 
of Kazakhstan bonds "Sukuk "al-Murabaha" being issued and registered in
compliance with the legislation of Malaysia from potential investors on 
the organized market of the Republic of Kazakhstan will be accepted
simultaneously with acceptance of orders in Malaysia.

NOTES PARAMETERS:
----------------------------- ----------------------------------------------
Issuer:                       Development Bank of Kazakhstan
Short Notes description:      Islamic bonds "Sukuk "al-Murabaha"
                              of the senior unsecured debt,
                              issued in compliance with
                              the legislation of Malaysia
One Note face value:          1.000 Malaysian ringgits or higher 
                              nomination,
                              1.000-fold Malaysian ringgits
Expected circulation period:  5 years
Expected rate of yield to     from 5.25% to 5.5% APR
maturity, %
Expected issue volume:        up to 600 mln. Malaysian ringgits
Expected ratings:             BBB+ (S&P), AA2 (RAM)
Security:                     unsecured
Issue and servicing currency: Malaysian ringgit
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ORDER OF NOTES PURCHASING IN KAZAKHSTAN:
----------------------------------------------------------------------------
Orders acceptance date:       July 18, 2012
Orders acceptance starts:     14:00 Almaty time
Orders acceptance ends:       18:00 Almaty time
Orders submission method:     closed
Expected date of defining
investors orders acceptance
price and volume:             July 18, 2012
Expected settlements date:    August 3, 2012
Settlements term:             as of settlements date the Notes buyer
                              must ensure money available in return
                              of purchased notes on brokerage accounts
                              of JSC Halyk Finance or other qualified
                              brokers or custodians accounts, and
                              provide all necessary instructions
                              for settlements.
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Information memorandum
The upcoming issue details will be provided later.

On all issues and for further information, please contact the following 
JSC Halyk Finance representatives:

Farkhad Okhonov, Head of Advising and Underwriting Department
(tel. (8 727) 330 01 52, fax (8 727) 259 05 93, e-mail: farhado@halykbank.kz).

Oleg Hvan, Senior Analyst of Advising and Underwriting Department
(tel. (8 727) 330 09 82, fax (8 727) 259 05 93, e-mail: olegh@halykbank.kz).

ends
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