Tsesnabank (Kazakhstan) on October 19 sold 2.0 bn bonds KZP02Y07E081 (KZ2C00001816, TSBNb12) at 9.5 % APR
19.10.12 17:58
/KASE, October 19, 12/ - A special trading session to offer 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) was held
today in KASE trading system
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 12th issue of "internal" bonds of the said issuer which underwent listing at
KASE.
JSC "CAIFC INVESTMENT GROUP" (Almaty) acted as seller at the special
trading session.
The declared volume of placement was 1,995,910,000 bonds KZP02Y07E081
(49.9 % of the total number of registered bonds of this issue).
As the price an order would indicate the bonds' "net" price (excluding interest
accrued) expressed as percentage of the security's face value accurate within the
fourth decimal. Orders for participation in the placement were submitted
from 11:30 to 15:00 (Almaty time) (ALT) by the closed method. Only limited
orders were accepted to the trading. 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 - ΠΆ+0.
Two KASE members took part in the trading, submitting two orders for purchase,
of which one order for purchase of 2,030,000,000 bonds remained active at the
end of orders submission period. Hence, the bid to ask made up 101.7 %. The
"net" prices in the submitted orders were at 92.5985 % (9.5 % APR) and
92.5990 % (9.5 % APR), making on average 92.5990 % (9.5 % APR to maturity
for buyer).
In the total volume of active orders pension market entities accounted for 98.5 %,
client of brokerage firm - 1.5 %.
Upon results of the trading the issuer fixed the cut-off price at 92.5990 %, which
corresponds with the yield of bonds to maturity of 9.5 % APR, and satisfied one
order hence selling 1,995,910,000 bonds. KZT1,882,344,938.68 were raised as a
result.
According to JSC "Central Securities Depository" (Almaty) the transaction was
executed by the moment of this publication.
[2012-10-19]