Mortgage Organization Kazakhstan Mortgage on December 15 raised KZT8.5 bn on KASE selling 10-year KZ2C0Y10F013 (KZ2C00003333, KZIKb27) at YTM of 10.50 % APR
15.12.17 20:04
/KASE, December 15, 2017/ – A special trading session for the offering of bonds
KZ2C0Y10F013 (KZ2C00003333, KASE main market, category "bonds", KZIKb27; KZT1,
KZT30.0 bn; 10 years; semi-annual coupon 10.50 % p.a.; 30/360) of Mortgage Organization
Kazakhstan Mortgage Company (Almaty) was held in Kazakhstan Stock Exchange (KASE)
trading system today. Below are parameters of bid and results of the special trading
session.
BID PARAMETERS:
------------------------------------------------- ------------------------------
Number of participants: 5
Number of orders submitted (all / active ones): 11 / 11
Volume of active orders*, mln tenge: 9,558.1
Bid to ask, %: 112.4
"Clean" price on orders submitted, % (on all / on active ones):
– minimum 100.0000
– maximum 100.3057
– weighted average 100.0845
Yield on orders submitted, % APR (on all / on active ones):
– minimum 10.4500
– maximum 10.5000
– weighted average 10.4861
--------------------------------------------------------------------------------
* active orders – orders not annulled by trade participants at
expiry of order submission period including those
confirmed by Confirmation System participants.
In the total volume of active orders second-tier banks (STB) accounted for 57.5 %,
brokerage and dealing companies – for 2.6 %, other institutional investors –
for 33.9 %, other legal entities – for 6.8 %.
OFFERING RESULTS:
------------------------------------------------- ------------------------------
Volume of orders executed, bonds: 8,500,000,000
Volume of orders executed, tenge: 8,500,000,000.0
Number of orders executed: 11
Number of participants whose
orders were executed: 4
Volume of orders executed, % of plan: 100
Cut-off price, % of the face value: 100.0000
"Clean" price in orders executed, 100.0000
% of the face value:
Yield of bonds to maturity for buyer, % APR 10.5000
------------------------------------------------- ------------------------------
According to Central Securities Depository (Almaty), all deals on this offering
were executed by the end of settlements by trade results. 52.4 % of bonds by the
volume of funds raised were bought by STB, 2.9 % – by brokerage and dealing
companies, 42.4 % – by other institutional investors, 2.4 % – by other legal
entities.
OFFERING TERMS:
------------------------------------------------- ------------------------------
Trade date: December 15, 2017
Declared volume at face value, mln tenge: 8,500.0
Lot size, pieces: 1
Trade subject: "clean" price
Purchase order types: limit
Order submission method: closed
Order receipt time: 11:30–12:30
Order confirmation time: 11:30–13:00
Striking time: 14:30 (Т+0)
Payment date and time: December 15, 2017,
14:30 (Т+0)
Order cut-off method: orders are cut off whose
prices are equal to or
below the cut-off price
Order execution method: at cut-off price; by the time
of acceptance of offset
orders by the Exchange
Trade initiator: Kazkommerts Securities
(Subsidiary of
Kazkommertsbank, Almaty)
Trading system sector: Debts_List_ST1
Trading system group: Bonds_ST1_M
--------------------------------------------------------------------------------
[2017-12-15]