Tsesnabank (Kazakhstan) on February 22 sold 2.0 bn bonds KZP03Y03C363 (KZ2C00001584, TSBNb9) on KASE at 8.0 % APR
22.02.13 18:12
/KASE, February 22, 13/ – A special trading session to offer bonds
KZP03Y03C363 (KZ2С00001584, KASE official list, Rated Debt Securities
category, TSBNb9; KZT1, KZT6.0 bn; July 12, 2011 – July 12, 2014, semi-annual
coupon 6.00 % APR, 30/360) of JSC "Tsesnabank" (Astana) was held today in
KASE trading system
The issue of the mentioned bonds is the third one under the second bond
program of JSC "Tsesnabank" registered by the Agency of the Republic of
Kazakhstan on Regulation and Supervision of Financial Market and Financial
Organizations on December 13, 2006 to a total amount of KZT20.0 bn and the
ninth issue of "internal" bonds of the said issuer which underwent listing at
KASE.
The declared volume of placement was equal to 1,988,010,000 bonds
KZP03Y03С363 (33.1 % 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 – Т+0.
Three KASE members took part in the trading, submitting three orders for
purchase of 3,501,000,000 bonds, which remained active at the end of order
submission period. Hence, the bid to ask made up 176.1 %. The "net" prices in
the active orders were at 97.3509 % (8.05 % APR), 97.4093 % (8.00 % APR)
and 96.1523 % (9.00 % APR), making up on weighted average 97.3839 %
(8.02 % APR to maturity for buyer).
In the total volume of active orders pension market entities accounted for 99.97
%, clients of the brokerage firm – 0.03 %.
Upon results of the trading the issuer fixed the cut-off price at 97.4093 %,
which corresponds with the yield of bonds to maturity for buyer of 8.00 % APR,
and satisfied one order submitted by a pension market entity, hence selling the
entire proposed offering volume. KZT1,949,760,024.93 were raised as a
result.
[2013-02-22]