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

24.01.20, 18:44
/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 -------------------------------------------------------------------------------- * 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 --------------------------------------------------------------- [2020-01-24]