Development Bank of Kazakhstan raises KZT 100 billion with KASE bond placement

The bonds have a seven-year term and a coupon rate of 15.60% per year.

The Development Bank of Kazakhstan placed KZT 100 billion in bonds on KASE on November 12. The bonds mature in seven years and carry a 15.60% annual coupon.

Author: Робот Source: Kazakhstan Stock Exchange

KASE notice on the Development Bank of Kazakhstan bond placement — The Development Bank of Kazakhstan placed seven-year bonds on KASE. Illustrative photo. Photo: AhmadArdity / Pixabay, Pixabay Content License

The Development Bank of Kazakhstan raised KZT 100 billion by placing KZ2C00010346 (BRKZb36) bonds on the Kazakhstan Stock Exchange (KASE) on November 12. The bonds run from November 12, 2026, to November 12, 2033, with a coupon rate of 15.60% per year.

Demand exceeded the offering by 25.9%, with active bids totaling KZT 125.877 billion. Nine participants took part in the auction, submitting 31 bids, 22 of which were active.

A total of 20 bids were accepted. Other institutional investors bought 72.8% of the issue, other legal entities 21.2%, banks 5%, and brokerage and dealing firms 1%. Individuals accounted for less than 0.1%.