Development Bank of Kazakhstan conducting Road Shows in Frankfurt, Zurich and London

Abay Sarkulov, Chairman of the Board of Directors of DBK, Development Bank of Kazakhstan.

(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)