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Development Bank of Kazakhstan is placing USD500m in 10 year Eurobonds

November 26, 2012 Irbis IAFM
JSC "Kazakhstan Stock Exchange" (KASE) based on a notice from JSC "Halyk Finance, a subsidiary organization of Halyk Savings
Bank of Kazakhstan"  (Almaty), which is the joint manager and book runner of the
issue of  JSC "Development Bank of Kazakhstan" (Astana) Eurobonds, notifies of
acceptance of orders from Exchange members to participate 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 the mentioned bonds and the procedure of offering of
bonds for purchase in Kazakhstan provided to KASE by JSC "Halyk Finance", a
subsidiary of Halyk Savings Bank of Kazakhstan".

quote

Herewith JSC "Kazakhstan Stock Exchange" notifies of the start of accepting
from Exchange member of orders for participation in the proposed initial offering
of Eurobonds of JSC "Development Bank of Kazakhstan" (the Issuer) issued
under Program for Issue of Mid-Term Notes to the amount of up to USD2 bn
(Program) and registered in compliance with the legislation of a foreign state.

Acceptance of orders from prospective investors on Kazakhstan's organized
market will begin simultaneously with the offering of the Notes on the territory
of the foreign state, on the same terms of Notes pricing as during their offering
on the territory of the foreign state, taking into account possible specifics
inherent to relevant securities markets.


NOTES PARAMETERS:
-------------------------------- ------------------------------------------------
Issuer:                          JSC "Development Bank of Kazakhstan"
Notes' short description:        global Notes of senior unsecured debt issued
                                 in accordance with Rule 144А
                                 and Regulation S of the US act on Securities
Nominal volume of issue:         not less than USD500,000,000
                                 (five hundred million)
Nominal value of securities:     USD200,000 (two hundred) or higher face
                                 value multiple of USD1,000 (one thousand)
Expected circulation term:       10 years
Indicative yield at offering:    rate of 10-year average market swap
                                 +275-300 basis points
Expected ratings:                BBB+ (S&P), Baa3 (Moody's), BBB (Fitch)
Security:                        unsecured
Currency of issue and servicing: US dollar
Additional information:          the Program's prospectus in English is
                                 placed on the website of JSC "Kazakhstan
                                 Stock Exchange", at
           http://www.kase.kz/files/emitters/BRKZ/brkzf4e7_2012_e.pdf

---------------------------------------------------------------------------------
PROCEDURE OF OFFERING NOTES FOR PURCHASE IN KAZAKHSTAN:
---------------------------------------------------------------------------------
Order acceptance day:            November 26, 2012
Order acceptance beginning time: 16:00 Almaty time
Order acceptance end time:       20:30 Almaty time
Order submission method:         closed
Expected date of price fixing    November 26, 2012
and volume of investors
orders satisfaction:
Expected settlement date:        December 10, 2012
Settlement terms:                As of order submission date the Buyer of Notes
                                 must ensure availability of money payable for
                                 notes purchased in the brokerage account of
                                 at JSC "Halyk Finance" or confirm in written
                                 availability of current open facilities with VTB
                                 Capital plc and/or J.P. Morgan Securities Ltd.,
                                 as well as provide all necessary instructions
                                 for settlements.
---------------------------------------------------------------------------------

Please, send your orders in hard copy according to the form, available on KASE
official website (http://kase.kz/files/mix/brkze_order_form_121126.doc ) at: 280
Baizakov str., MFC Almaty Towers, Northern Tower, 8th floor, Trade department
of JSC "Kazakhstan Stock Exchange", Almaty 050040 and by fax:
+7 (727) 237 60 20, and e-mail: trade@kase.kz.

With all relevant queries and for additional information please turn to the
following representatives of JSC "Halyk Finance":

Farkhad Okhonov (tel. 8 (727) 330-01-52, fax 8 (727) 259-05-93, e-mail:
FarhadO@halykbank.kz),

Oleg Khvan (tel. +7 (727) 330 09 82, fax +7 (727) 259 05 93, e-mail:
OlegH@halykbank.kz)

JSC "Halyk Finance", J.P. Morgan and VTB Capital are Joint Lead Managers
and Book-runners of the issue.

Not for distribution, directly or indirectly, in the United States of America,
Australia, Canada or Japan. This document (as well as information contained
herein) does not constitute or form a part of an offer of Securities for sale in
the United States, Australia, Canada or Japan or any other jurisdictions in which
such an offer would be deemed unlawful. Securities to which this document
refers have not been and shall not be registered according to the U.S. Securities
Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in
the United States or at the account or in favour of persons in the United States,
unless these securities were registered or are exempt from registration as
provided in the Securities Act. At the same time there is no intention to conduct
a public offering of Securities in the United States. This communication is only
being distributed to and is only directed at (i) persons who are outside the
United Kingdom or (ii) to investment professionals falling within Article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
"Order") or (iii) high net worth entities, and other persons to whom it may
lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all
such persons together being referred to as "relevant persons"). Any offering of
Securities will only be made available to, and any invitation, offer or agreement
to subscribe, purchase or otherwise acquire such Securities will be engaged in
only with, relevant persons. Any person not being a relevant person should not act
or rely upon this document or its contents.
 
unquote
  • Full name
    CJSC Development Bank of Kazakhstan
  • Registration country
    Kazakhstan
  • Industry
    Banks