Kazakhstan Sustainability Fund raised KZT4.6 bn on KASE by placing bonds KZ2C00006476 (BASPb7) with weighted average yield of 11.3450 % APR on June 5
/KASE, June 5, 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:
-------------------------------------------------------------------------------- Number of participants: 3 Number of orders submitted (all / active ones), 5 / 5 incl.: – limit: 5 / 5 – market: 0 Volume of active orders*, mln tenge: 5,003.6 – limit: 5,003.6 – market: 0 Bid to ask, %: 109.9 "Clean" price on active orders submitted, % of the face value (all / active ones): – minimum 89.7433 – maximum 89.9102 – weighted average 89.7584 Yield on active orders submitted, % APR (all / active ones): – minimum 11.3000 – maximum 11.3500 – weighted average 11.3455 -------------------------------------------------------------------------------- * 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 45.5 %, institutional investors accounted for 54.5 %.
OFFERING RESULTS:
-------------------------------------------------------------------------------- Volume of orders executed, bonds: 5.000.000 Volume of orders executed, tenge: 4,552,924,210.6 Number of orders executed: 5 Number of participants, whose orders 3 were executed, %: Volume of orders executed, % of plan: 100.0 "Clean" price at cut-off price, %: "Clean" price in orders executed, %: 89.7433 – minimum 89.7433 – maximum 89.9102 – weighted average 89.7599 Yield at cut-off price, % APR: 11.3500 Yield of bonds to maturity for buyer, % APR – minimum 11.3000 – maximum 11.3500 – weighted average 11.3450 --------------------------------------------------------------------------------
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. 50.0 % in terms of the raised volume, were purchased by second-tier banks, 50.0 % – by other institutional investors.
OFFERING TERMS:
--------------------------------- ----------------------------------------------
Trade date: June 5, 2020
Term to maturity: 4.8 years (1,745 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: 10:30–12:30
Order confirmation period: 10:30–13:00
Striking time: 15:00 (Т+0)
Payment date and time: June 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: Subsidiary Organization of Halyk Bank of
Kazakhstan Halyk Finance (Almaty)
Trading system sector: Debts_List_ST1
Trading system group: Bonds_ST1_M
--------------------------------------------------------------------------------
[2020-06-06]