Kazakhstan's Eurasian Development begins tender offer for $500 million 7.375% notes due 2014

By Susanna Moon

Chicago, Sept. 4 - Eurasian Development Bank announced a tender offer for its outstanding $500 million 7.375% notes due Sept. 29, 2014 by BNP Paribas, the settlement bank.

The purchase price will be $1,073.75 per $1,000 nominal amount of notes plus accrued interest up to but excluding the settlement date.

The purpose of the offer is to extend the average debt maturity profile of the bank, according to a press release.

The tender offer will end at noon ET on Sept. 11.

The offer is conditioned on issue of new notes under the bank's $3.5 billion medium-term note program.

BNP Paribas (attn: liability management group, 888 210-4358 or collect 212 841-3059, international call +44 207 595 8668, email liability.management@bnpparibas.com), Deutsche Bank AG, London Branch (+44 207 545 8011, attn: liability management group, email liability.management@db.com), HSBC Bank plc (attn: liability management, 888 472-2456, collect 212 525-5552, international +44 207 992 6237, email liability.management@hsbcib.com) and J.P. Morgan Securities plc (attn: liability management, international +44 207 134 3414, email emea_lm@jpmorgan.com) are the dealer managers.

Lucid Issuer Services Ltd. (+44 20 7704 0880, attn.: Yves Theis/Paul Kamminga, email edb@lucid-is.com) is the tender agent.

The bank is based in Almaty, Kazakhstan.

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