16th October 2024
Not for distribution,
directly or indirectly, in or into the United States or any
jurisdiction in which such distribution would be
unlawful.
JSC Development Bank
of Kazakhstan
Pre-stabilisation Period
Announcement
J.P. Morgan Securities plc, (contact:
Alexander Karolev +442071342468) hereby gives notice, as
Stabilisation Coordinator, that the Stabilising Manager(s) named
below may stabilise the offer of the following securities in
accordance with Commission Delegated Regulation EU/xxx/2016 under
the Market Abuse Regulation (EU/596/2016).
|
The
securities:
|
|
Issuer:
|
JSC Development Bank of Kazakhstan
|
|
Guarantor (if
any):
|
N/A
|
|
Aggregate nominal
amount:
|
USD 5yr 500mm
WNG
KZT 3.5yr
TBC
|
|
Description:
|
USD 5yr FXD Senior
Unsecured Notes
KZT 3.5yr FXD Senior
Unsecured Notes
Listing: Vienna MTF
and Kazakhstan Stock Exchange
|
|
Offer
price:
|
TBC
|
|
Other offer
terms:
|
USD 200k x
1k
KZT 100mm x
500k
|
|
Stabilisation:
Relevant Stabilisation regulation
applies
|
|
Stabilisation
Manager(s):
|
J.P. Morgan Securities
Plc (Stabilisation coordinator)
Citi (Stabilisation
manager)
ICBC (Stabilisation
manager)
Jusan Invest
(Stabilisation manager)
Societe Generale
(Stabilisation manager)
|
|
Stabilisation period expected
to start on:
|
16th
October 2024
|
|
Stabilisation period expected
to end no later than:
|
16th November 2024
|
|
Existence, maximum size and
conditions of use of over‑allotment
facility:
|
The Stabilisation
Manager(s) may over-allot the securities in an amount not exceeding
5% of the aggregate nominal amount stated above.
|
|
Stabilisation trading
venue:
|
Over the counter,
TBC
|
In connection with the offer of the above
securities, the Stabilising Manager(s), or persons acting on behalf
of the Stabilising Manager(s) may over-allot the securities,
provided that the aggregate principal amount of the securities
allotted does not exceed 105 percent of the aggregate principal
amount of the securities, or effect transactions with a view to
supporting the market price of the securities at a level higher
than that which might otherwise prevail. However, stabilisation may
not necessarily occur and any stabilisation action, if begun, may
cease at any time, but it must end no later than the earlier of 30
days after the issue date of the securities and 60 days after the
date of allotment of the securities.
This announcement is for information purposes
only and does not constitute an invitation or offer to underwrite,
subscribe for or otherwise acquire or dispose of any securities of
the Issuer in any jurisdiction.
This announcement and the offer of the
securities to which it relates are only addressed to and directed
at persons outside the United Kingdom and persons in the United
Kingdom who have professional experience in matters related to
investments or who are high net worth persons within Article 12(5)
of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 and must not be acted on or relied on by
other persons in the United Kingdom.
In addition, if and to the extent that this
announcement is communicated in, or the offer of the securities to
which it relates is made in, any EEA Member State that has
implemented Directive 2003/71/EC (together with any applicable
implementing measures in any Member State, the "Prospectus
Directive") before the publication of a prospectus in relation to
the securities which has been approved by the competent authority
in that Member State in accordance with the Prospectus Directive
(or which has been approved by a competent authority in another
Member State and notified to the competent authority in that Member
State in accordance with the Prospectus Directive), this
announcement and the offer are only addressed to and directed at
persons in that Member State who are qualified investors within the
meaning of the Prospectus Directive (or who are other persons to
whom the offer may lawfully be addressed) and must not be acted on
or relied on by other persons in that in that Member
State
This announcement is not an offer of securities
for sale into the United States. The securities have not been, and
will not be, registered under the United States Securities Act of
1933 and may not be offered or sold in the United States absent
registration or an exemption from registration. There will be no
public offer of securities in the United States.
