Commentary & Deal Flow

JSC Development Bank of Kazakhstan ("DBK"), the 100% state-owned national development institution of the Republic of Kazakhstan, rated Baa1/BBB/BBB- (Moody's/Fitch/S&P), has mandated J.P. Morgan, Mashreq, Societe Generale, Forte Finance and Alatau City Invest as Joint Bookrunners to arrange a series of investor calls on Monday, 27-Apr-26. An investor presentation will be made available together with a pre-recorded management voice-over.

A Reg S/144A KZT-denominated 3-year senior unsecured benchmark notes offering under DBK’s Medium Term Note Programme will follow, subject to market conditions. J.P. Morgan is acting as the Development Finance Structuring Agent.

FCA / ICMA stabilisation applies.