AsiaCredit Bank (Kazakhstan) on July 11 sold 350.0 m bonds KZP01Y07D887 (KZ2C00001766, LARIb2) on KASE at 8.50 % APR

/KASE, July 11, 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 350,000,000 bonds KZP01Y07D887 (3.5 % 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. Two KASE members took part in the trading, submitting two orders for purchase of 365,300,000 bonds. All orders remained active at the end of orders submission period. Hence, the bid to ask made up 104.4 %. The "net" prices in active orders were at levels 95.4303 % (9.00 % APR) and 97.6810 % (8.50 % APR), making on weighted average 97.6748 % (8.5014 % APR to maturity for buyer). In the total volume of active orders pension market entities accounted for 99.7 %, a client of a brokerage company – 0.3 %. Upon results of the trading the issuer fixed the cut-off price at 97.6810 % which corresponds with the yield to maturity for buyer of 8.50 % APR, and partially satisfied one order, thus selling the entire proposed volume. KZT355,494,611.11 were raised as a result. [2013-07-11]