Development Bank of Kazakhstan plans to issue KZT 30 billion bonds

By Marisa Wong

Morgantown, W.Va., Dec. 5 – Development Bank of Kazakhstan plans to offer a sixth issue of bonds totaling KZT 30 billion under its fourth bond program, according to a Kazakhstan Stock Exchange notice on Tuesday.

As previously announced, the bank began a series of fixed-income investor meetings on Monday ahead of its proposed senior eurobond offering.

The tenge-denominated, dollar-settled Regulation S bonds will have a term of three to five years.

The bank mandated Citi, Halyk Finance and JPMorgan as joint bookrunners to arrange the roadshow.

The international portion of the roadshow, from Dec. 4 to Dec. 6, travels from Frankfurt to Zurich and finally London. The roadshow in Kazakhstan was held on Monday in Almaty.

The issuer is based in Astana, Kazakhstan.

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