National Company Kazakhstan Temir Zholy raised KZT40.0 bn on KASE by placing bonds KZ2C00005890 (TMJLb9) at 11.50% APR on September 12
12.09.19 17:37
/KASE, September 12, 2019/ – A special trading session for offering 15-year bonds
KZ2C00005890 (TMJLb9, KZT1,000, KZT40.0 bn; September 12, 2019 – September 12,
2034, 30/360) of the National Company Kazakhstan Temir Zholy was held in Kazakhstan
Stock Exchange (KASE) trading system today. Below are parameters of the bid and
results of the special trading session.
BID PARAMETERS:
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Number of participants: 4
Number of orders submitted (all / active ones), 7 / 7
incl.:
– limit: 7 / 7
– market: 0
Volume of active orders*, mln tenge: 53,250.0
– limit: 53,250.0
– market: 0
Bid to ask, %: 133.1
Coupon rate on active orders submitted, % APR 11.5000
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* active orders – orders not annulled by trade participants at expiry of order
submission period including those confirmed by Confirmation System participants.
In the entire volume of active orders, the share of broker-dealers accounted for
2.8%, other institutional investors accounted for 96.9%, other legal entities
accounted for 0.3%.
OFFERING RESULTS:
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Volume of orders executed, bonds: 40,000,000
Volume of orders executed, tenge: 40,000,000,000.0
Number of orders executed: 7
Number of participants, whose orders 4
were executed, %:
Volume of orders executed, % of plan: 100.0
Coupon rate of bonds to maturity for buyer, % APR:
11.5000
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According to the Central Securities Depository (Almaty), the deals on this
offering by the end of settlement based on the trading results, were executed.
At that, 3.8 %, in terms of the raised volume, were purchased by broker-dealers,
95.9 % by other institutional investors and 0.4 % by other legal entities.
OFFERING TERMS:
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Trade date: September 12, 2019
Current maturity: 15 years (5,400 days)
Announced offering volume, tenge: 40,000,000,000
Lot size, pieces: 1
Trade subject: coupon rate
Purchase order types: limit
Order submission method: closed
Order collection period: 11:30–12:00
Order confirmation period: 11:30–12:30
Striking time: 13:30 (Т+0)
Payment date and time: September 12, 2019, 13:30
Order cut-off method: orders are cut-off, whose
prices are equal to or
above the cut-off price
Order execution method: at cut-off price; by
the time of acceptance of
offset orders
Trade initiator: SkyBridge Invest
Trading system sector: Debts_List_ST1
Trading system group: Bonds_ST1_M
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[2019-09-12]