Commentary & Deal Flow

Book Update: Books > US$140m - Books subject 14.00 UKT / 9.00 AM EST

Guidance: 5.450-5.500%

• Issuer: JSC Development Bank of Kazakhstan
• Issuer Ratings: Baa1/BBB/BBB- (Moody's/Fitch/S&P)
• Issue Ratings: BBB/BBB- (Fitch/S&P)
• Format: Reg S Only, Cat 2
• Issue: Tap of Outstanding Senior Unsecured Notes
• Original Notes: US$700m 5.625% Senior Unsecured Notes due 7-Apr-30, issued on 7-Apr-25 (ISINs: XS3032932645 / US48129VAD82)
• Settlement Date: 6-Aug-26 (T+5)
• Currency: US$
• Maturity: 7-Apr-30
• Guidance: 5.450-5.500%
• Coupon: 5.625%, Fixed, Payable s/a, Day count 30/360
• Fungibility: The new notes will, on the date that is 40 days after the Settlement Date, be consolidated and form a single series with the Outstanding Notes
• Denominations: US$200k x 1k
• Temporary RegS ISIN: XS3458439901
• Use of Proceeds: General Corporate Purposes, including for the funding of various investment projects and export operations
• Joint Bookrunners: Citi (B&D) / Halyk Finance
• Listing: Vienna MTF, Kazakhstan Stock Exchange and Astana International Exchange
• Law: English
• Clearing: Euroclear and Clearstream
• Books Subject: 14.00 UKT / 9.00 AM EST
• Investor Presentation:
• • URL: https://dealroadshow.finsight.com
  • Entry Code: DBK2026
  • Direct Link: https://dealroadshow.finsight.com/e/DBK2026
• Stabilisation: FCA/ICMA Stabilisation applies