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05.03.2020 19:29 #Trading information

Kazakhstan Sustainability Fund raised KZT5.9 bn on KASE by placing bonds KZ2C00006484 (BASPb8) at weighted average yield of 10.6968% APR on March 5

/KASE, March 5, 2020/ – A special trading session for offering bonds KZ2C00006484 (BASPb8, KZT1,000, KZT100.0 bn; February 27, 2020 – February 27, 2023, 30/360) of Kazakhstan Sustainability Fund (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:                                            4               
Number of orders submitted (all / active ones),                    7 / 7           
incl.:                                                             
– limit:                                                           7 / 7           
– market:                                                          0               
Volume of active orders*, mln tenge:                               8,521.6         
– limit:                                                           8,521.6         
– market:                                                          0               
Bid to ask, %:                                                     145.2           
"Clean" price on active orders submitted, % of the face value 
(all / active ones):                   
– minimum                                                          94.0361         
– maximum                                                          94.6442         
– weighted average                                                 94.4960         
Yield on active orders submitted, % APR (all / active ones):                                         
– minimum                                                          10.6900         
– maximum                                                          10.9500         
– weighted average                                                 10.7531         
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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 72.2 
%, broker-dealers accounted for 11.1 %, other institutional investors accounted 
for 16.7 %.

OFFERING RESULTS:

--------------------------------------------------------------------------------
Volume of orders executed, bonds:                                6,200,000       
Volume of orders executed, tenge:                                5,878,664,511.1 
Number of orders executed:                                       6               
Number of participants, whose orders                             4               
were executed, %:                                                                                    
Volume of orders executed, % of plan:                            100.0           
"Clean" price at cut-off price, %:                               94.6207         
"Clean" price in orders executed, %:                                                                 
– minimum                                                        94.6207         
– maximum                                                        94.6442         
– weighted average                                               94.6283         
Yield at cut-off price, % APR:                                   10.7000         
Yield of bonds to maturity for buyer, % APR                                                          
– minimum                                                        10.6900         
– maximum                                                        10.7000         
– weighted average                                               10.6968         
--------------------------------------------------------------------------------

According to the Central Securities Depository (Almaty), the deals on this offering by the end of settlement based on the trading results, were fully executed. 66.1 % in terms of raised volume were purchased by STBs, 13.6 % by brokers-dealers, 20.3 % by other institutional investors.

OFFERING TERMS:

--------------------------------- ----------------------------------------------
Trade date:                       March 5, 2020                                                                              
Term to maturity:                 3.0 years (1,072 days)                                                                     
Announced offering volume, tenge: 6,200,000,000                                                                              
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:                     March 5, 2020, 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 limit 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 organization of Bank                                                                       
                                  CenterCredit (Almaty)                                                                      
Trading system sector:            Debts_List_ST1                                                                             
Trading system group:             Bonds_ST1_Alt                                                                              
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[2020-03-05]