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]