ASIAN DEVELOPMENT BANK RAISES KZT15.2 BN ON KASE THROUGH SUBSCRIPTION, BY PLACING FIVE-YEAR INTERNATIONAL BONDS XS1937714597 (ASDBK300124) AT 1.0 % P.A. MARGIN
/KASE, January 28, 2019/ – As announced earlier, an initial offering of
international bonds XS1937714597 (ASDBK300124, KZT1,000, up to KZT15,234,400,000,
January 28, 2019 – January 30, 2024, taking into account the possibility of
activation by the Issuer of the call-option on January 30, 2022 and on each
following date of payment of interest on bonds, inflation rate-indexed quarterly
coupon: inflation+margin, actual/360) of Asian Development Bank was conducted in
the module "Subscription" of the trading system of Kazakhstan Stock Exchange (KASE)
on January 22, 2019 by way of subscription to them.
"Tengri Capital MB" JSC acted as the seller during the subscription to said
Orders for the subscription were collected on January 22, 2019 from 11:00 to
13:00 o'clock (Almaty time).
The nominal amount of bonds offered was up to KZT15,234,400,000 (up to
15,234,400 pieces with face value of KZT1,000). Limit and market orders
submitted to KASE trading system by the closed method were accepted during
the subscription. Market order execution rate – 30 %.
As the price an order indicated the value of the fixed margin in annual
percentage of the bond's face value, denominated with accuracy of up to the
second decimal place. In case of market orders, the "yield at market" was
indicated as the price. The number of financial instruments was represented by
the number of bonds in pieces. The subscription conditions put no restrictions
on buyers with regard to the maximum number of bonds in orders submitted.
A total of three limit orders for purchase of 15,234,400 bonds were submitted to
the trading system and which were recognized as active at the moment of order
collection ending. The margin rate in orders submitted made up 1.00 % p.a. The
total bid during the subscription reached KZT15.2 bn, i.e. 100 % of the ask
According to the offering results, all orders were executed in full. The Issuer
placed 15,234,400 bonds, defining the margin rate at 1.00 % p.a., and raising
According to the Central Securities Depository JSC (Almaty), all deals based on
results of the subscription to said bonds were settled by the moment of release
of this information, the subscription is completed.