Kazakhstan Sustainability Fund raised KZT4.5 bn on KASE by placing bonds KZ2C00006476 (BASPb7) with YTM of 11.4800% APR on April 10
/KASE, April 10, 2020/ – A special trading session for offering bonds KZ2C00006476 (BASPb7, KZT1,000, KZT50.0 bn; April 10, 2020 – April 10, 2025, 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:
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Number of participants: 3
Number of orders submitted (all / active ones), 3 / 3
incl.:
– limit: 3 / 3
– market: 0
Volume of active orders*, mln tenge: 9,325.1
– limit: 9,325.1
– market: 0
Bid to ask, %: 211.4
"Clean" price on active orders submitted, % of the face value
(all / active ones):
– minimum 87.3833
– maximum 89.1179
– weighted average 88.2037
Yield on active orders submitted, % APR (all / active ones):
– minimum 11.4800
– maximum 12.0000
– weighted average 11.7515
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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 (STBs) accounted for 46.9 %,
broker-dealers accounted for 5.4% and other legal entities accounted for 47.8 %.
OFFERING RESULTS:
-------------------------------------------------------------------------------- Volume of orders executed, bonds: 5,000,000 Volume of orders executed, tenge: 4,455,895,000.0 Number of orders executed: 1 Number of participants, whose orders 1 were executed, %: Volume of orders executed, % of plan: 100.0 "Clean" price at cut-off price, %: 89.1179 "Clean" price in orders executed, %: 89.1179 Yield at cut-off price, % APR: 11.4800 Yield of bonds to maturity for buyer, % APR 11.4800 --------------------------------------------------------------------------------
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. Whole volume raised was purchased by institutional investors.
OFFERING TERMS:
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Trade date: April 10, 2020
Term to maturity: 5 years (1,800 days)
Announced offering volume, tenge: 5,000,000,000
Lot size, pieces: 1
Trade subject: "clean" price
Purchase order types: limit
Order submission method: closed
Order collection period: 10:00–11:30
Order confirmation period: 10:00–12:00
Striking time: 12:30 (Т+0)
Payment date: April 10, 2020, 12:30
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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[2020-04-10]