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24.01.2020 18:44 #Trading information

Baspana Mortgage Organization raised KZT19.6 bn on KASE by placing bonds KZ2C00006328 (BASPb5) at YTM of 10.7458 % APR on January 24

/KASE, January 24, 2020/ – A special trading session for offering bonds KZ2C00006328 (BASPb5, KZT1,000, KZT100.0 bn; November 15, 2019 – November 15, 2021, 30/360) of Baspana Mortgage Organization (Almaty) was held in the trading system of Kazakhstan Stock Exchange (KASE) 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),                6 / 5                              
incl.:                                                                                               
– limit:                                                       6 / 5                              
– market:                                                      0                                  
Volume of active orders*, mln tenge:                           20,971.7                           
– limit:                                                       20,971.7                           
– market:                                                      0                                  
Bid to ask, %:                                                 427.8                              
"Clean" price on active orders submitted, % of the face value (all / active ones):                   

– minimum 96.4047 – maximum 96.4384 – weighted average 96.4102 / 96.4107 Yield on active orders submitted, % APR (all / active ones): – minimum 10.7280 – maximum 10.7500 – weighted average 10.7464 / 10.7461

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* 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 90.2 
%, broker-dealers accounted for 0.2 %, other institutional investors accounted – 
for 9.6 %.

OFFERING RESULTS:

----------------------------------------------------------------- --------------
Volume of orders executed, bonds:                              20,000,000                         
Volume of orders executed, tenge:                              19,608,065,470.2                   
Number of orders executed:                                     5                                  
Number of participants, whose orders                           5                                  
were executed, %:                                                                                    
Volume of orders executed, % of plan:                          400.0                              
"Clean" price at cut-off price, %                              96.4047                            
"Clean" price in orders executed, %:                                                                 
– minimum                                                      96.4047                            
– maximum                                                      96.4384                            
– weighted average                                             96.4112                            
Yield at cut-off price, % APR:                                 10.7500                            
Yield of bonds to maturity for buyer, % APR                                                          
– minimum                                                      10.7280                            
– maximum                                                      10.7500                            
– weighted average                                             10.7458                            
--------------------------------------------------------------------------------

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, 89.6 %, in terms of the raised volume, were purchased by STBs, 0.2 % – by brokers-dealers, 10.2 % – by other institutional investors.

OFFERING TERMS:

--------------------------------- -----------------------------
Trade date:                       January 24, 2020             
Current maturity:                 1.8 years (651 days)         
Announced offering volume, tenge: 5,000,000,000                
Lot size, pieces:                 1                            
Trade subject:                    "clean" price                
Purchase order types:             limit  and market            
Market order execution ratio, %:  70                           
Order submission method:          closed                       
Order collection period:          10:30–12:00                  
Order confirmation period:        10:30–12:30                  
Striking time:                    14:00 (Т+0)                  
Payment date:                     January 24, 2020, 14:00      
Order cut-off method:             orders are cut-off, whose    
                                  prices are equal to or       
                                  below the cut-off price      
Limit 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             
Market order execution method:    at weighted average price    
Trade initiator:                  Tengri Partners Investment   
                                  Banking (Kazakhstan) (Almaty)
Trading system sector:            Debts_List_ST1               
Trading system group:             Bonds_ST1_Alt                
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[2020-01-24]