(By Shahid Qureshi, Chief Editor):-
(Kazakhstan – Nur – Sultan): – Development Bank of Kazakhstan JSC (hereinafter – DBK) – the 100% state owned national development institution of the Republic of Kazakhstan, rated Baa3 (positive) by Moody’s, BBB- (stable) by Fitch and BB+ (stable) by S&P, has mandated J.P. Morgan, Societe Generale, UBS Investment Bank and Halyk Finance as Joint Book runners to arrange a series of fixed income investor meetings in Europe and Kazakhstan, commencing on 30 January 2020. A new KZT-denominated Reg S only senior unsecured Eurobond offering of up to KZT 100bn size, where all amounts are payable in USD, with a tenor of 5 years will follow, subject to market conditions. FCA/ICMA stabilization applies.
The Roadshow schedule:
January 30 – Frankfurt (1-1s),
January 31 – Zurich Almaty (Group Meeting)
February 3 – London (1-1s)