Norton Rose Fulbright Advises on $475M Halyk Bank Global Depositary Receipt Offering

Norton Rose Fulbright advised JSC Halyk Bank and its shareholder ALMEX on a significant international offering of global depositary receipts (GDRs), raising approximately US$475 million. The offering included a fully marketed GDR issuance alongside a concurrent domestic offering of common shares and GDRs. The GDRs have been listed on the London Stock Exchange and Astana International Exchange, while the common shares are listed domestically on AIX and the Kazakhstan Stock Exchange.