Kazakhstan

The Development Bank of Kazakhstan will issue an additional USD 500 mln in five-year Eurobonds at a 5.625% coupon, maturing April 7, 2030. The senior unsecured bonds, issued under English law, follow a similar USD 500 mln placement in April to fund strategic projects. Citi, Societe Generale, and Halyk Finance are joint bookrunners, with the application period for KASE members now extended.