Commentary & Deal Flow

Baiterek National Investment Holding JSC (“Baiterek”), the 100% state owned holding company of the Republic of Kazakhstan acting as the development arm of the government, (country: Kazakhstan) rated Baa1/BBB by Moody's/Fitch, has mandated Citi, Societe Generale and Halyk Finance as Joint Bookrunners to arrange a series of fixed income investor calls starting today, 27-Apr. An online roadshow presentation has been made available together with a recorded management voice-over.

A 7-year US$ RegS / Rule 144A senior unsecured benchmark notes offering on the back of Baiterek’s US$3,000,000,000 Medium Term Note Programme will follow, subject to market conditions. FCA/ICMA stabilization applies.