OREANDA-NEWS. December 14, 2010. Subsidiary organization of Halyk Bank of Kazakhstan "Halyk Finance" (Almaty), which is a Joint Lead Manager for international bonds of Development Bank of Kazakhstan (Astana), has provided to Kazakhstan Stock Exchange (KASE) the following information message, reported the press-centre of KASE.

Herewith Subsidiary organization of Halyk Bank of Kazakhstan "Halyk Finance" announces the IPO of Eurobonds (Bonds) of Development Bank of Kazakhstan (the Issuer) results, issued under the Issuer's Mid-Term Notes Issue Programme and registered in accordance with foreign state's legislation.

Upon acceptance of orders on December 9, 2010, the Issuer set the cut-off price to maturity at 5.72%. The issue total volume is USD 500 m. USD 27 m (or 5.4% from the issue total volume) were distributed to Kazakhstan investors and the total volume of submitted orders of Kazakhstan investors made up about USD 167.47 m.

In the total volume of Kazakhstan investors orders 59.7% were submitted by commercial banks, 29.9% - pension funds and 10.4% - brokerage and dealer companies and their clients.

Development Bank of Kazakhstan is an investment institution of the Government of the Republic of Kazakhstan on funding of a non-raw material sector of economy of Kazakhstan. 100 % of shares of Development Bank of Kazakhstan belong to Joint stock company National Welfare Fund Samruk-Kazyna.