Commentary & Deal Flow

Reoffer: 5yr: 8.000% / 98.783

Launched: 5yr: US$300m @ 8% - Books > US$425m (excl. JLM int)
IPTs: 5yr: 8%a

• Issuer: "Bank RBK" JSC
• Ratings of the Notes (expected): Ba3/BB (Moody's/Fitch)
• Ratings of the Issuer: Ba2/BB (Moody's/Fitch)
• Ranking: Senior unsecured
• Distribution: Rule 144A / Regulation S (Cat 1)
• Initial Nominal Amount: U.S.$300,000,000
• Trade Date: 12-May-26
• Settlement Date: 19-May-26 (T+5)
• Issue/Re-Offer Price: 98.783%
• Maturity Date: 19-May-31
• Coupon: 7.700%
• Yield to Maturity: 8.000%
• Interest Payment Dates: Semi-annually in arrear on 19 May and 19 November in each year commencing on 19-Nov-26
• Use of Proceeds: General corporate purposes
• Day-Count Fraction: 30/360
• Expected Trading: Vienna MTF of Wiener Börse AG and Astana International Exchange Ltd (AIX)
• Governing Law: English
• Denominations: U.S.$200,000 and integral multiples of U.S.$1,000 in excess thereof
• Form of Notes: Registered
• Clearing: Euroclear, Clearstream, Luxembourg and DTC
• Transfer Restrictions: The United States, the United Kingdom, Kazakhstan, Singapore and any other applicable jurisdictions
• Security Codes:
• • Regulation S:
  • • ISIN: XS3349840283
    • Common Code: 334984028
  • Rule 144A:
  • • ISIN: US06452PAA21
    • Common Code: 334204995
    • CUSIP: 06452PAA2
• Joint Lead Managers and Joint Bookrunners: Citigroup Global Markets Limited and J.P. Morgan Securities plc
• Kazakhstan Manager: Teniz Capital Investment Banking JSC
• Manufacturer Target Market (UK MiFIR Product Governance): Eligible counterparties and professional clients only. No UK PRIIPs key information document (KID)/CCI product summary has been prepared as not available to retail in the UK.