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April 25, 2011

Samruk-Kazyna successfully placed T75 bn (c. $517 mn) 7-year bond at 5.89%YTM

Samruk-Kazyna successfully placed T75 bn (c. $517 mn) 7-year bond at 5.89%YTM

22.04.2011

The Sovereign Wealth Fund Samruk-Kazyna has tapped the local market with a 7-year domestic bond issue under its approved T150 bn ($1.03 bn) 2nd bond program and has successfully raised T75 bn (c. $514 mn) at a 5.89% coupon rate (with the coupon rate set as the cut-off rate upon auction results of 5 April 2011). The bond issue is rated “BBB+” by Standard&Poor`s. Samruk-Kazyna’s 1st bond program in the amount of T750 bn ($5.08 bn) was executed in 2009.

The Sovereign Wealth Fund Samruk-Kazyna was established in order to enhance competitiveness and sustainability of the national economy and prevent any potential negative impact of changes in the world markets on economic growth of the country. Samruk-Kazyna’s primary objective is to manage shares (participatory interests) of legal entities it owns with a goal of maximising long term value and increasing competitiveness of such legal entities in world markets. Samruk-Kazyna’s total consolidated assets exceed $70 bn.

Halyk Finance has acted as a joint financial advisor and underwriter on this issue.

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