/KASE, October 11, 2019/ – As announced earlier, an initial offering of
international bonds KZ2C00006211 (BASPb4, KZT1,000, KZT70.0 bn; September 26,
2019 – September 26, 2021, annual coupon 8.50 % APR, 30/360) of Baspana Mortgage
Organization (Almaty) was conducted in the module "Subscription" of trading system
of Kazakhstan Stock Exchange (KASE, or the Exchange) today by way of subscription
to them.
Subsidiary of Halyk Savings Bank of Kazakhstan "Halyk Finance" acted as the seller
during the subscription to said bonds.
The nominal volume of bonds offered was KZT25,000,000,000 (25,000,000 pieces with
a face value of KZT1,000). A total of seven limit orders with a face value of
KZT22,130,927,333.3 for purchase of 23,000,000 pieces of bonds were submitted to
the trading system. These orders were acknowledged as active at the end of the
order collection. Clean price of active orders submitted was within the range
from 95.8630 to 95.9606 % of the face value (10.95–10.86 % APR); weighted average
price made up 95.8673 % of the face value (10.9474 % APR). The demand during
subscription reached 92.0% to the volume of supply.
In the total volume of active orders the share of second-tier banks accounted
for 58.7 %, broker-dealers accounted for 21.7%, other institutional investors
accounted for 19.6%.
By results of trades, the issuer set the cut-off price at the level of 95.8630 %
of the face value (10,95 % APR), executed seven orders, thereby placing 23,000,000
pieces of bonds for the total amount of KZT22,130,927,333. Weighted average clean
price made up 95.8673 % of the face value (10.9474 % APR).
According to data from the Central Securities Depository (Almaty) all deals based
on results of the subscription to said bonds by the moment of release of this
information were settled, the subscription was completed.
More details of said bond issue are available on KASE website at
http://kase.kz/en/bonds/show/BASPb4/
[2019-10-11]