Development Bank of Kazakhstan obtains awards from international magazine EMEA Finance

February 21. KASE

Development Bank of Kazakhstan obtains awards from international magazine EMEA FinanceJSC “Development Bank of Kazakhstan (DBK)” (Astana), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of February 21:

Two international transactions of JSC “Development Bank of Kazakhstan” (DBK, Bank) received prestigious “Achievement Awards 2012” from the renowned international magazine “EMEA Finance”. The competition saw participation of leading investment banks from emerging countries of Europe, Middle East and Africa.

The first award in nomination “The most innovative bond issue” was assigned to the Bank’s transaction involving swapping of the 5th tranche Eurobonds to the amount of USD500 m in December 2012 which became the first intermediated exchange of USD-denominated Eurobonds in history.

The new Eurobond issue became the largest issue under one tranche among Kazakhstan’s banks showing during the offering the lowest yield and coupon rates among non-sovereign issuers in the CIS.

The second award in category “Best Sukuk issue in Malaysian ringgits” was assigned to DBK’s transaction involving issuing of Islamic bonds “Sukuk “al-Murabakha” in August 2012 to the amount of 240 m Malaysian ringgits. We remind you that this transaction became the first issue of Islamic Sukuk bonds in  CIS history. Moreover the DBK became the first issuer from CCIS, Central and Eastern Europe who made offering on Malaysian securities market.

JSC “Development Bank of Kazakhstan” was established in 2001. The Bank’s main activities include development of industrial infrastructure and manufacturing, assisting in attracting foreign and domestic investments in the country’s economy.

http://www.kase.kz/en

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