Development Bank of Kazakhstan raised KZT10.6 bn on KASE placing bonds KZ2C00004273 (BRKZb14) on June 18
/KASE, June 18, 2020/ – A special trading session for offering bonds KZ2C00004273 (BRKZb14, KZT1,000; KZT43.5 bn; June 18, 2020 – June 18, 2030, 30/360) of the Development Bank of Kazakhstan (Nur-Sultan) was held in KASE trading system today. Below are parameters of the bid and results of the special trading session.
BID PARAMETERS:
-------------------------------------------------------- ----------------- Number of participants: 4 Number of orders submitted (total / active) including: 6 / 6 – limit: 6 / 6 – market: 0 Volume of active orders*, mln tenge: 10,550.0 – limit: 10,550.0 – market: 0 Bid to ask, %: 24.3 Coupon rate on active orders submitted, % APR (total / active): – minimum 10.4500 – maximum 11.0000 – weighted average 10.9739 -------------------------------------------------------------------------- * 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, broker dealers accounted for 2.4 %, institutional investors accounted for 97.6 %.
OFFERING RESULTS:
-------------------------------------------------------------------------- Volume of orders executed, bonds: 10,550,000 Volume of orders executed, tenge: 10,550,000,000.0 Number of orders executed: 6 Number of participants whose 4 orders were executed: Volume of orders executed, % of plan: 24.3 Coupon rate in orders executed, % APR: 11.0000 --------------------------------------------------------------------------
According to Central Securities Depository (Almaty), all deals on this offering and additional offering were fully executed by the end of settlements by trade. results.
OFFERING TERMS:
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Trade date: June 18, 2020
Declared placement volume, KZT: 43,492,000,000
Lot size: 1
Trade subject: coupon rate
Purchase orders types: limit
Order submission method: closed
Order collection time: 11:30–12:30
Order confirmation time: 11:30–13:00
Striking time: 14:30 (Т+0)
Payment date and time: June 18, 2020, 14:30
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: Kazkommerts Securities
(subsidiary of
Kazkommertsbank)
Trading system sector: Debts_List_ST1
Trading system group: Bonds_ST1_M
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[2020-06-18]