AsiaCredit Bank (Kazakhstan) on June 28 sold 1.4 bn bonds KZP01Y07D887 (KZ2C00001766, LARIb2) on KASE at 8.5 % APR

/KASE, June 28, 13/ – A special trading session to offer bonds KZP01Y07D887 (KZ2C00001766, KASE official list, Rated Debt Securities category, LARIb2; KZT1, KZT10.0 bn; July 16, 2012 – July 16, 2019, semi-annual coupon 8.00 % APR, 30/360) of JSC "AsiaCredit Bank" (Almaty) was held today in Kazakhstan Stock Exchange (KASE) trading system JSC "ASYL-INVEST" (Almaty) acted as seller at the special trading session. The declared volume of placement was equal to 1,750,000,000 bonds KZP01Y07D887 (17.5 % of the total number of registered bonds). 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 were submitted to KASE trading system from 11:30 to 15:00 (Almaty time) (ALT) by the closed method. Only limited orders were accepted. The method of acceptance of orders for purchase – at the cut-off price. Settlement scheme – Т+0. Four KASE members took part in the trading, submitting four orders for purchase of 1,412,200,000 bonds. All orders remained active at the end of orders submission period. Hence, the bid to ask made up 80.7 %. The "net" prices in active orders were at levels 96.5263 % (8.75 % p.a.), 97.6650 %(8.50 % p.a.) and 97.8948 % (8.45% p.a.), making on weighted average 97.6568 % (8.5018 % APR yield to maturity for buyer). In the total volume of active orders pension market entities accounted for 77.9 %, clients of brokerage companies – 22.1 %. Upon results of the trading the issuer fixed the cut-off price at 97.6650 % which corresponds with the yield to maturity for buyer of 8.50 % APR, and satisfied three orders, thus selling 1,401,700,000 bonds. KZT1,419,431,505.00 were raised as a result. According to JSC "Central Securities Depository" (Almaty) all deals by the moment of this publication were executed. 78.5 % of the total volume of bonds sold were purchased by a pension market entity, 21.5 % – by clients of brokerage companies. [2013-06-28]