Eurasian Bank (Kazakhstan) on September 27 sold 39.9 mln bonds KZP04Y07D253 (KZ2C00001915, EUBNb11) on KASE at 8.00 %

/KASE, September 27, 13/ – A special trading session to place bonds KZP04Y07D253 (KZ2C00001915, KASE official list, Rated Debt Securities category, EUBNb11; KZT100, KZT10.0 bn; December 26, 2012 – December 26, 2019, floating semi-annual coupon 8.00 % APR for the current coupon period, 30/360) of JSC "Eurasian Bank" (Almaty) was held in KASE trading system today. JSC "Eurasian Capital" (Almaty) acted as the seller at the special trades. The declared volume of placement was equal to 39,900,000 bonds KZP04Y07D253 (39.9 % of the total number of authorized 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 o'clock (Almaty time) (ALT) by the closed method. Only limited orders were accepted. The method of acceptance of orders for purchase – at prices of counter orders equal to the cut-off price or those being more profitable for the seller. Orders were cut off whose prices were lower than the cut-off price. Settlement scheme – Т+0. Three KASE members took part in the trading, submitting three orders for purchase of 39,920,000 bonds. All orders remained active at the end of the order submission period. Hence, the bid to ask made up 100.1 %. The "net" prices in active orders were at levels 97.5939 % (8.50 % p.a.), 98.5399 % (8.30 % p.a.) and 99.9804 % (8.00 % p.a.), making up on weighted average 99.9794 % (8.0002 % per annum to maturity for buyer). In the total volume of active orders a pension market entity accounted for 99.94 %, brokerage firm accounted for 0.03 %, a client of a brokerage firm – for 0.03 %. Upon results of the trading the issuer fixed the cut-off price at 99.9804 %, which corresponds with the bonds' yield to maturity for buyer of 8.00 % per annum, and satisfied one order of a pension market entity. KZT4,069,904,626.67 were raised as a result. [2013-09-27]