JSC Kazakhstan Development Bank USD 500mln Eurobonds
12 May 2022
On 12 May 2022 JSC Kazakhstan Development Bank issued and placed USD 500mln 5.75% notes due 2025 issued under the USD 3bln Medium Term Note Programme.
Simultaneously with the above new issue JSC Kazakhstan Development Bank conducted a liability management transaction and offered to purchase for cash up to U.S.$ 700,000,000 in aggregate principle amount of the notes due 2022 issued as a series 6 under the USD 3bln Medium Term Note Programme. Final results of the tender offer will be available on 25 May 2022.
AGZ Zan Hub acted as legal advisor to the investment banks J.P. Morgan Securities plc, Citigroup Global Markets Limited, MUFG Securities EMEA plc and Halyk Finance JSC (acting as managers) and provided legal advice on all aspects of Kazakhstani legislation regarding this issuance and placement.
The project was carried out by the firm partner Aituar Madin, counsel Karina Sultanaliyeva and associates Tatyana Veryovkina and Kuanysh Abzhanov.
Simultaneously with the above new issue JSC Kazakhstan Development Bank conducted a liability management transaction and offered to purchase for cash up to U.S.$ 700,000,000 in aggregate principle amount of the notes due 2022 issued as a series 6 under the USD 3bln Medium Term Note Programme. Final results of the tender offer will be available on 25 May 2022.
AGZ Zan Hub acted as legal advisor to the investment banks J.P. Morgan Securities plc, Citigroup Global Markets Limited, MUFG Securities EMEA plc and Halyk Finance JSC (acting as managers) and provided legal advice on all aspects of Kazakhstani legislation regarding this issuance and placement.
The project was carried out by the firm partner Aituar Madin, counsel Karina Sultanaliyeva and associates Tatyana Veryovkina and Kuanysh Abzhanov.
