ASIAN DEVELOPMENT BANK RAISES KZT15.2 BN ON KASE THROUGH SUBSCRIPTION, BY PLACING SEVEN-YEAR INTERNATIONAL BONDS XS1937714753 (ASDBK300126) AT 1.3 % P.A. MARGIN

28.01.19 17:49
/KASE, January 28, 2019/ – As announced earlier, an initial offering of international bonds XS1937714753 (ASDBK300126, 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, 2024 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 bonds. 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 four limit orders for purchase of 19,043,000 bonds were submitted to the trading system, of which three orders for purchase of 15,234,400 bonds were recognized as active at the moment of order collection ending. The margin rate in orders submitted made up 1.30 % p.a. The total bid during the subscription reached KZT15,234,400,000, i.e. 100 % of the ask amount. According to the offering results, three orders to the total amount of KZT15,234,400,000.0 were executed. The Issuer placed 15,234,400 bonds, defining the margin rate at 1.30 % p.a. 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. [2019-01-28]