TECHNOLEASING RAISES KZT584.9 MLN THROUGH SUBSCRIPTION ON KASE BY PLACING BONDS KZ2P00006299 (THLZb1)

26.11.19 19:52
/KASE, November 26, 2019/ – As announced earlier, on November 26, 2019 an initial offering of bonds KZ2P00006299 (KASE alternative market, category "bonds", THLZb1; KZT1,000, KZT2.0 bn; 4 years, semi-annual coupon 14.00 % APR; 30/360) of TechnoLeasing LLP (Nur-Sultan) was conducted in the "Subscription" module of the trading system of Kazakhstan Stock Exchange (KASE) on November 26, 2019 by way of subscription to them. Freedom Finance acted as the seller during the subscription to said bonds. Bonds with total face value of KZT1,500,000,000 (1,500,000 pieces with face value of KZT1,000) were offered. A total of 23 limit orders were submitted to the trading system, of which 22 orders were those for purchase of 722,201 bonds with face value of KZT683,619,859.6, which were recognized as active. The price in active orders submitted varied in a range of 94.2534–100.0000 % of the face value, the weighted average price made up 94.6578 % of the face value. The bid during the subscription made up 48.1 % of the ask volume. In the total amount of active order brokers and dealers accounted for 58.5 %, other institutional investors – for 4.4 %, individuals – for 37.1 %. Based on results of the trading, the issuer executed four orders, by placing 620,579 bonds in a total amount of KZT584,944,817.6. Prices in orders executed made up 94.2534 % and 94.2600 % of the face value, the weighted average price – 94.2579 % of the face value. According to the Central Securities Depository (Almaty), all deals based on results of the subscription to said bonds, were settled, the subscription was finished. 68.4 %, in terms of amounts raised, were purchased by brokers and dealers, 5.1 % – by other institutional investors, 26.5 % – by individuals. More details of said bond issuance are available on KASE website at http://kase.kz/en/bonds/show/THLZb1/ [2019-11-26]