Kazakhstan Sustainability Fund JSC raised on KASE 13.9 bln tenge on December 11 by placing bonds KZ2C00015204 (KFUSb115) with weighted average yield to maturity of 17.19% per annum
/KASE, December 11, 2025/ – Today, the Kazakhstan Stock Exchange's (KASE) trading system hosted a special trading session for placement of bonds KZ2C00015204 (KASE's main market, commercial bonds category, KFUSb115; 1,000 tenge, 15.0 bln tenge; 12.11.25 – 12.11.27; annual coupon, 12.50% per annum; 30/360) of Kazakhstan Sustainability Fund JSC. Below are the demand parameters and special trading session results.
DEMAND PARAMETERS:
------------------------------------------------ ---------------------- Number of participants: 6 Number of orders submitted (total / active) 17 / 10 Volume of active orders*, mln tenge: 38,549.5 Demand vs. offering: x2.8 Clean price in submitted orders, % of par (for all / active): – minimum 92.1231 – maximum 92.8665 – weighted average 92.3632 / 92.3934 Yield on submitted orders, % per annum (for all / active): – minimum 17.0000 – maximum 17.5000 – weighted average 17.3388 / 17.3193 ----------------------------------------------------------------------- * active orders – orders that have not been cancelled by the trading participants at the time of the order submission period expiration, including those confirmed by participants of the Confirmation System.
Of the total volume of active orders, the banks accounted for 9.0%, other institutional investors accounted for 40.5%, and other legal entities accounted for 50.5%.
PLACEMENT RESULTS:
-------------------------------------------------- ---------------- Volume of executed orders, bonds: 15,000,000 Volume of executed orders, tenge: 13,888,456,614.0 Number of executed orders: 2 Number of participants which orders were executed: 2 Volume of executed orders, % of plan: 100.0 Clean cut-off price, % of par: 92.5683 Clean price in executed orders, % of par: – minimum 92.5683 – maximum 92.8665 – weighted average 92.5897 Yield at cut-off price, % per annum: 17.2000 Bond yield to maturity for the buyer, % per annum: – minimum 17.0000 – maximum 17.2000 – weighted average 17.1856 -------------------------------------------------------------------
In terms of the main categories of investors during placement, 92.8% of the total volume was purchased by institutional investors and 7.2% by other legal entities.
According to data from Central Securities Depository JSC, transactions for this placement were completed and executed in full by the end of settlements based on the trading results.
PLACEMENT CONDITIONS:
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Trading date: 12.11.25
Declared placement volume, tenge: 15,000,000,000
Lot size, pcs.: 1
Trade subject: clean price
Type of purchase orders: limit
Order submission method: closed
Order acceptance time: 10:00-12:00
Order confirmation time: 10:00-12:00
Cut-off time: 14:30 (T+0)
Payment date and time: 12.11.25, 14:30
Order cut-off method: orders with prices equal to or
below the cut-off price are cut off
Method of executing the limit orders at prices of limit
depending on prices of orders: counter orders equal to
the cut-off price or those
more favorable for the seller
Method of executing the limit orders by time of acceptance of counter
depending on the order of their orders
submission:
Trading initiator: Eurasian Capital JSC
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[2025-12-11]