Kazakhstan Sustainability Fund on January 15 raised KZT 14.4 bn on KASE by placing bonds KZ2C00012011 (KFUSb75) at weighted average yield to maturity of 16.87 % APR
/KASE, January 15, 2026/ – A special trading session for the offering of bonds KZ2C00012011 (KASE main market, "commercial bonds" category, KFUSb75; KZT 1,000, KZT 30.0 bn; 15.01.26 – 15.01.27; 30/360) of Kazakhstan Sustainability Fund JSC was held in the trading system of Kazakhstan Stock Exchange (KASE) on the terms mentioned below.
OFFERING TERMS:
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Trade date: 15.01.26
Announced offering volume, tenge: 15,000,000,000
Lot size, pieces: 1
Trade subject: "clean" price
Purchase order type: limit
Order submission method: closed
Order collection time: 10:00–12:00
Order confirmation time: 10:00–12:00
Cut-off time: 12:30 (Т+0)
Payment date and time: 15.01.26, 12:30
Order cut-off method: orders are cut-off, whose
prices are equal to or
above the cut-off price
Limit order execution method at prices of limit offset
depending on the prices of orders: orders equal to the cut-off
price or those more
favorable for the seller
Limit order execution method depending by the time of acceptance
on the order of their submission: of offset orders
Trade initiator: Alatau City Invest JSC
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From 13:00 to 13:30 Astana time, a special trading session for additional placement of the specified bonds took place in KASE's trading system on conditions set out below.
ADDITIONAL OFFERING TERMS:
------------------------------------------------------------------- Trade date: 15.01.26 Announced additional offering volume, tenge: 6,068,500,000 Order collection time: 13:00–13:30 Order confirmation time: 13:30–14:00 Cut-off time: 14:30 (Т+0) Payment date and time: 15.01.26, 14:30 Trade initiator: Alatau City Invest JSC -------------------------------------------------------------------
BID PARAMETERS AT OFFERING:
-------------------------------------------------------------------------- Number of participants: 8 Number of orders submitted (all / active ones): 18 / 14 Volume of active orders*, mln tenge: 33,265.6 Bid to ask: х2.3 times "Clean" price on orders submitted, % of face value (on all / active ones): – minimum 95.7447 – maximum 96.2773 – weighted average 96.1112 / 96.1361 Yield on orders submitted, % APR (on all / active ones): – minimum 16.8500 – maximum 17.5000 – weighted average 17.0517 / 17.0213 -------------------------------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants.
Of the total volume of active orders, banks accounted for 85.8 %, other institutional investors – for 8.5 %, other legal entities – for 5.7 %
----------------------------------------------------------- BID PARAMETERS AT ADDITIONAL OFFERING: ----------------------------------------------- ----------- Number of participants: 1 Number of orders submitted (all / active): 1 / 1 Volume of active orders*, mln tenge: 5,841.1 Bid to ask: 100.0 % ----------------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants.
The total volume of active orders came from banks. OFFERING RESULTS INCLUDING ADDITIONAL OFFERING:
-------------------------------------------------------------------- Volume of orders executed, bonds: 15,000,000 Volume of orders executed, KZT: 14,439,448,940.5 Number of orders executed: 5 Number of participants, whose orders 7 were executed: Volume of orders executed, % of plan: 100.0 "Clean" cut-off price, % of face value: 96.2526 "Clean" price in executed orders, % of face value: – minimum 96.2526 – maximum 96.2773 – weighted average 96.2630 Yield at cut-off price, % APR: 16.8800 Yield of bonds to maturity for buyer, % APR: – minimum 16.8500 – maximum 16.8800 – weighted average 16.8674 --------------------------------------------------------------------
In terms of the main categories of investors, 80.5 % of the total volume was purchased by banks, 19.5 % – by other institutional investors.
According to the Central Securities Depository JSC, the deals on this offering by the end of settlements based on the results of the trades were executed in full.
Details of the mentioned bond issue are available at see more
[2026-01-15]