Tsesnabank (Kazakhstan) on August 23 sold 1.2 bn bonds KZP02Y07E081 (KZ2C00001816, TSBNb12) at KASE, under 9.5 % APR
23.08.12 17:48
/KASE, August 23, 12/ - A special trading was held today in the trading system of
Kazakhstan Stock Exchange for placement of bonds KZP02Y07E081
(KZ2C00001816, KASE official list, Rated Debt Securities category, TSBNb12;
KZT1, KZT4.0 bn, August 2, 2012 - August 2, 2019; semi-annual coupon 8.00 %
APR, 30/360) of JSC "Tsesnabank" (Astana).
The issue of the mentioned bonds is the second one under the third bond program
of JSC "Tsesnabank" registered by the Committee on Regulation and Supervision
of Financial Market and Financial Organizations of the National Bank of the
Republic of Kazakhstan on August 10, 2011 to a total amount of KZT100.0 bn,
and the twelfth issue of "internal" bonds of the said issuer, which underwent
listing procedure at KASE.
JSC "Tsesna Capital" (Astana) acted as the seller at the special trading session
The declared volume of offering was 1,500,000,000 bonds KZP02Y07E081 (37.5
% of the total number of authorized bonds of this issue).
As the price an order would indicate the bonds' "net" price (excluding accrued
interest) expressed as percentage of the security's face value accurate within the
fourth decimal. Orders for participation in the trading were submitted from 11:30
to 15:00 o'clock Almaty time (ALT) by the closed method. Limited orders only
were accepted. The method of acceptance of orders for purchase - at prices of
orders equal to the cut-off price or more favorable for the seller. Settlement
scheme - Т+0.
Three KASE members took part in the trading, submitting four orders for
purchase of 1,455,090,000 bonds, which remained active at the end of orders
submission period. Hence, the bid to ask made up 97%. The "net" price in orders
submitted varied from 87.8813 % (10.5 % APR) and 92.5000 % (9.5 % APR),
making up on weighted average с 92.0075 % (9.7 % APR to maturity for buyer).
In the total volume of active orders pension market entities accounted for 79 %,
clients of brokerage firms - 21 %.
Upon results of the trading the issuer fixed the cut-off price at 92.4912 %, which
corresponds with a yield to maturity for buyer of 9.5 % APR, and satisfied three
orders, having thus placed 1,155,090,000 bonds. KZT1,073,747,470.88 were
raised as a result.
According to JSC "Central Securities Depository" (Almaty) all transactions by the
moment of this publication were executed.
[2012-08-23]