Halyk Finance Announces Results of DBK Additional IPO
OREANDA-NEWS. January 28, 2011. Herewith "Halyk Finance", a subsidiary organization of Halyk Bank of Kazakhstan, announces results of the additional IPO of Eurobonds (Bonds) of Development Bank of Kazakhstan (the Issuer), issued under the Issuer's USD2 bn Mid-Term Notes Issue Programme and registered in accordance with a foreign state's legislation, reported the press-centre of KASE.
Development Bank of Kazakhstan successfully placed an additional issue of its Eurobonds on the market. Global senior unsecured Eurobonds have been issued under the USD2 bn Mid-Term Bond Programme in accordance with Rule 144А/Provision S. In accordance with Kazakhstan's legislation the bonds were offered to Kazakhstan's investors on the organized stock market in Kazakhstan under the same terms and conditions of the placement's cost identification as at their placement on a foreign state's territory. The collection of orders in Kazakhstan was conducted on January 26, from 12.00 to 13.00 (Almaty time). Note, that earlier, on December 20, 2010 the Issuer issued Eurobonds to the amount of USD500 m with the circulation term of 5 years under 5.5% APR under the mentioned programme.
After collection of global orders, the Issuer fixed the cut-off price of yield to maturity at 4.95%. The total volume of the additional placement made up USD277 m. Bonds with the total face value of USD25 m (over 9% of the additional placement's total volume) were distributed among investors from Kazakhstan with the total amount of orders filed by investors from Kazakhstan via KASE equaling to USD205 m. 97.6% of all orders came from commercial banks and 2.4% - from brokerage and dealing companies.
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