EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT RAISES KZT60.0 BN THROUGH SUBSCRIPTION ON KASE BY PLACING FIVE-YEAR INTERNATIONAL BONDS XS1982112069 (EBRDK250424) AT 0.5 % MARGIN TO HALF-YEAR COUPON
25.04.19 18:52
/KASE, April 25, 2019/ – As announced earlier, an initial offering of international
bonds XS1982112069 (EBRDK250424, KZT1,000, KZT60.0 bn, 25.04.19 – 25.04.24,
inflation rate-indexed semi-annual coupon: inflation+margin, actual/360) of the
European Bank for Reconstruction and Development was held on April 23, 2019 in
the trading module "Subscription" of Kazakhstan Stock Exchange (KASE) by way of
subscription.
Tengri Capital MB acted as the Seller during the subscription.
The nominal volume of bonds offered was up to 60,000,000,000 tenge (60,000,000
pieces with a face value of KZT1,000). A price in a bid stipulated the value of
the fixed margin to the semi-annual coupon rate as percentage of the face value
of the bond with accuracy of up to second decimal place. In the case of market
bids, the "market yield" was indicated as the price. The semi-annual coupon rate
was calculated with reference to the monthly Kazakhstan Consumer Price Index.
In the subscription terms no restrictions were put on buyers with regard to the
maximum number of bonds in orders submitted.
Three members of KASE took part in the subscription. A total of 46 limit orders
with a face value of KZT90.2 bn were submitted to the trading system. 31 orders
with a face value of KZT60.2 bn (bid to ask – 100.3 %) were acknowledged as
active at the end of the order collection. The rate of the margin to the
semi-annual coupon made up 0.5 % in active orders submitted.
According to the results of the offering, the issuer executed all active orders,
thus placing the entire planned volume of KZT60,000,000,000.00. The rate of
the margin to the semi-annual coupon was fixed at 0.5 %.
According to the Central Securities Depository (Almaty), all deals were settled
by the end of the release of this information, based on results of the
subscription; the subscription is finished.
[2019-04-25]