Commentary & Deal Flow

IPTs: 5yr: 8% area

• Issuer: Bank RBK JSC
• Issuer Ratings: Ba2/BB (Moody's/Fitch)
• Expected Issue Ratings: Ba3/BB (Moody's/Fitch)
• Status: Senior Unsecured Offering
• Format: Reg S / 144A
• Coupon: Fixed, payable semi-annually in arrears, 30/360
• Currency: US$
• Tenor: 5 years
• IPTs: 8% area
• Settlement Date: 12-May-26
• Maturity: 19-May-31
• Listing: Vienna MTF, AIX
• Governing Law: English Law
• Use of Proceeds: The net proceeds will be used by the Issuer for general corporate purposes
• Clearing: Euroclear, Clearstream and DTC
• Denominations: US$200k x US$1k
• Joint Lead Managers and Joint Bookrunners: Citi (B&D), J.P. Morgan
• Kazakhstan Manager: Teniz Capital
• ISIN: XS3349840283 / US06452PAA21
• Common Code: 334984028 / 334204995
• Timing: Books open, today's business
• Stabilisation: FCA/ICMA Stabilisation applies