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10.04.2020 01:08 #Trading information

Kazakhstan Sustainability Fund raised KZT13.8 bn on KASE by placing bonds KZ2C00006484 (BASPb8) with YTM of 11.4495% APR on April 10

/KASE, April 10, 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:

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Number of participants:                                        5                                                         
Number of orders submitted (all / active ones),                14 / 13                                                   
incl.:                                                
– limit:                                                       14 / 13                                                   
– market:                                                      0                                                         
Volume of active orders*, mln tenge:                           28,710.4                                                  
– limit:                                                       28,710.4                                                  
– market:                                                      0                                                         
Bid to ask, %:                                                 204.2                                                     
"Clean" price on active orders submitted, % of the face value (all / active ones):                                                                                                     
– minimum                                                      91.8266                                                   
– maximum                                                      93.1535                                                   
– weighted average                                             92.7490 / 92.7276                                         
Yield on active orders submitted, % APR (all / active ones):                                                                                                                           
– minimum                                                      11.4000                                                   
– maximum                                                      12.0000                                                   
– weighted average                                             11.5814 / 11.5910                                         
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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 78.3 %, other institutional investors accounted for 10.5 % and other legal entities accounted for 11.2 %.

OFFERING RESULTS:

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Volume of orders executed, bonds:                               14,626,750                                                
Volume of orders executed, tenge:                               13,757,665,579.6                                          
Number of orders executed:                                      8                                                         
Number of participants, whose orders                            4                                                         
were executed, %:                                               
Volume of orders executed, % of plan:                           97.5                                                      
"Clean" price at cut-off price, %:                              92.9527                                                   
"Clean" price in orders executed, %:                            
– minimum                                                       92.9527                                                   
– maximum                                                       93.1535                                                   
– weighted average                                              93.0430                                                   
Yield at cut-off price, % APR:                                  11.4900                                                   
Yield of bonds to maturity for buyer, % APR                     
– minimum                                                       11.4000                                                   
– maximum                                                       11.4900                                                   
– weighted average                                              11.4495                                                   
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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. 54.7 % in terms of raised volume were purchased by STBs, 21.9 % by other institutional investors, 23.4 % by other legal entities.

OFFERING TERMS:

--------------------------------- ----------------------------------------------
Trade date:                       April 10, 2020                                                                             
Term to maturity:                 2.9 years (1,037 days)                                                                     
Announced offering volume, tenge: 15,000,000,000                                                                             
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                                                                               
Trading system sector:            Debts_List_ST1                                                                             
Trading system group:             Bonds_ST1_Alt                                                                              
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[2020-04-11]