Baspana Mortgage Organization raised KZT7.1 bn on KASE by placing bonds KZ2C00005833 (BASPb3) at 10.2107 % APR on July 2
/KASE, July 2, 2019/ – A special trading session for the offering bonds KZ2C00005833 (BASPb3, KZT1,000, KZT100.0 bn; April 5, 2019 – April 5, 2020, 30/360) of Baspana Mortgage Organization (Almaty) was held in Kazakhstan Stock Exchange (KASE) trading system today. Below are parameters of the bid and results of the special trading session.
BID PARAMETERS:
-------------------------------------------------------- ----------------------- Number of participants: 5 Number of orders submitted (all / active ones), 18 / 14 incl.: – limit: 18 / 14 – market: 0 Volume of active orders*, mln tenge: 15,609.3 – limit: 15,609.3 – market: 0 Bid to ask, %: 155.0 "Clean" price on active orders submitted, % of the face value (all / active ones): – minimum 98.5340 – maximum 99.5113 / 98.8110 – weighted average 98.7699 / 98.6511 Yield on active orders submitted, % APR (all / active ones): – minimum 9.1 / 10.0999 – maximum 10.4999 – weighted average 10.1590 / 10.3306 -------------------------------------------------------------------------------- * 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 90.3 %, other institutional investors – for 9.7 %. OFFERING RESULTS: -------------------------------------------------------- ----------------------- Volume of orders executed, bonds: 7,000,000 Volume of orders executed, tenge: 7,055,181,166.7 Number of orders executed: 9 Number of participants, whose orders 3 were executed, %: Volume of orders executed, % of plan: 70.0 "Clean" price in orders executed, %: – minimum (at cut off price) 98.6376 – maximum 98.8110 – weighted average 98.7341 Yield of bonds to maturity for buyer, % APR – minimum 10.0999 – maximum 10.3500 – weighted average 10.2107 --------------------------------------------------------------------------------
According to the Central Securities Depository (Almaty), the deals on this offering by the end of settlement based on the trading results, were executed. At that, 85.7%, in terms of the raised volume were purchased by STBs, 14.3 % – by other institutional investors.
OFFERING TERMS:
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Trade date: July 2, 2019
Current maturity: 273 days
Announced offering volume, tenge: 10,000,000,000
Lot size, pieces: 1
Trade subject: "clean" price
Purchase order types: limit
Order submission method: closed
Order collection period: 10:30–12:30
Order confirmation period: 10:30–13:00
Striking time: 15:00 (Т+0)
Payment date and time: July 2, 2019, 15:00
Order cut-off method: orders are cut-off, whose
prices are equal to or
below the cut-off price
Order execution method: at prices of offset orders equal to the cut-off
price or those more favorable for the seller;
pro rata to amounts of offset orders
Trade initiator: BCC Invest – subsidiary of Bank CenterCredit
(Almaty)
Trading system sector: Debts_List_ST1
Trading system group: Com_Bonds_ST1_Alt
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[2019-07-02]