KASE, 19 July 2012: JSC "Subsidiary organization of Halyk Bank of Kazakhstan "Halyk Finance", the Joint Lead Manager and Book-runner of the debut issue of Islamic bonds "Sukuk" al-Murabaha" of JSC "Development Bank of Kazakhstan", provided today Kazakhstan Stock Exchange (KASE) with the following
communique:

Quote

JSC  "Halyk Finance" announces results of issue of Islamic bonds "Sukuk" al-Murabaha" of JSC "Development Bank of Kazakhstan (DBK)" (hereinafter - the Issuer), issued in accordance with the legislation of Malaysia.

On July 18, 2012 JSC "Development Bank of Kazakhstan" successfully entered the market with an issue of Islamic bonds "Sukuk" al-Murabaha" (hereinafter -"Sukuk Bonds"). Sukuk Bonds were issued in accordance with the legislation of Malaysia and were offered for purchase to Kazakhstan's investors on the organized market of the Republic of Kazakhstan simultaneously with the beginning of offering of Sukuk Bonds in Malaysia.

Upon completion of the order collection on the same day, the Issuer fixed the cut-off price regarding yield to maturity at 5.50%. The total volume of the issue made up 240 m Malaysian ringgits. Kazakhstan's investors were provided with Sukuk Bonds worth a total face value of 89.4 m Malaysian ringgits (or 38% of the total volume of the issue), given the fact that the total volume of orders from Kazakhstan's investors submitted through KASE made up 173 mln Malaysian ringgits. In the total volume of orders from Kazakhstan's investors 82% came from pension funds and 18% - from clients of brokerage and dealing firms.

Below are the final parameters of the Bonds' issue.

Issuer: JSC "Development Bank of Kazakhstan"
Expected ratings: BBB+ (S&P), AA2 (RAM)
Amount of issue at face value: 240,000,000 Malaysian ringgits
Settlement date: August 3, 2012
Offering price: 100%
Margin rate: 5.50%
Yield to maturity at offering: 5.50%
Denomination: 1,000 Malaysian ringgits
Joint Lead Managers: JSC "Halyk Finance", AmInvestment Bank and Kuwait Finance House
Bonds' status: Senior, unsecured
Governing law: Malaysian legislation
Listing: Kazakhstan Stock Exchange

© Press Release 2012