Development Bank of Kazakhstan on March 29 raised KZT11.0 bn on KASE
by placing bonds KZ2C00010098 (BRKZb34) at yield to maturity 12.50 % APR
29.03.24 17:58
/KASE, March 29, 2024/ – A special trading session for the offering of bonds
KZ2C00010098 (KASE main market, category "commercial bonds", BRKZb34;
KZT1,000, KZT50.0 bn; 20.03.24 – 20.03.25; 30/360) of Development Bank of
Kazakhstan JSC (Astana) was held in the trading system of Kazakhstan Stock
Exchange (KASE) today. Below are parameters of the bid and results of the
special trading session.
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BID PARAMETERS:
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Number of participants: 2
Number of orders submitted (all / active ones), 3 / 2
incl.:
– limit: 3 / 2
– market: 0 / 0
Volume of active orders*, mln tenge, 11,033.4
incl.:
– limit: 11,033.4
– market: 0.0
Bid to ask: 74.3 %
"Clean" price on orders submitted, % of 99.9911
face value (on all / active ones):
Yield on orders submitted, % APR 12.5000
(on all / active ones):
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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 total volume of active orders, banks accounted for 54.5 %,
other institutional investors – for 45.5 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 11,000,000
Volume of orders executed, KZT: 11,033,396,000.0
Number of orders executed: 2
Number of participants, whose orders 2
were executed:
Volume of orders executed, % of plan: 74.3
"Clean" cut-off price, % of face value: 99.9911
"Clean" price in executed orders, % of face value: 99.9911
Yield at cut-off price, % APR: 12.5000
Yield of bonds to maturity for buyer, % APR: 12.5000
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According to the Central Securities Depository (Almaty), deals on this offering
by the end of settlements based on the results of the trades were
executed in full.
OFFERING TERMS:
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Trade date: 29.03.24
Current maturity: 351 days
Announced offering volume, tenge: 14,800,000,000
Lot size, pieces: 1
Trade subject: "clean" price
Purchase order type: limit
Order submission method: closed
Order collection time: 10:00–12:30
Order confirmation time: 10:00–12:30
Cut-off time: 14:30 (Т+0)
Payment date and time: 29.03.24, 14:30
Order cut-off method: orders are cut-off, whose
prices are equal to or
below the cut-off price
Limit order execution method at the single cut-off
depending on the prices of orders: price
Limit order execution method depending by the time of acceptance
on the order of their submission: of offset orders
Trade initiator: Development Bank of
Kazakhstan JSC
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[2024-03-29]