Kazakhstan Sustainability Fund raised KZT4.8 bn on KASE by placing bonds KZ2C00006484 (BASPb8) with weighted average yield of 11.2486 % APR on July 3
/KASE, July 3, 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: 5 Number of orders submitted (all / active ones), 7 / 5 incl.: – limit: 7 / 5 – market: 0 Volume of active orders*, mln tenge: 5,360.1 – limit: 5,360.1 – market: 0 Bid to ask, %: 138.4 "Clean" price on active orders submitted, % of the face value (all / active ones): – minimum 93.8184 / 93.8603 – maximum 93.9865 – weighted average 93.8651 / 93.8820 Yield on active orders submitted, % APR (all / active ones): – minimum 11.2000 – maximum 11.2800 / 11.2600 – weighted average 11.2577 / 11.2497 -------------------------------------------------------------------------------- * 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 90.3 %, other institutional investors accounted for 9.7 %.
OFFERING RESULTS:
-------------------------------------------------------------------------------- Volume of orders executed, bonds: 5,000,000 Volume of orders executed, tenge: 4,842,963,668.0 Number of orders executed: 5 Number of participants, whose orders 4 were executed, %: Volume of orders executed, % of plan: 125.0 "Clean" price at cut-off price, %: 93.8603 "Clean" price in orders executed, %: – minimum 93.8603 – maximum 93.9865 – weighted average 93.8843 Yield at cut-off price, % APR: 11.2600 Yield of bonds to maturity for buyer, % APR – minimum 11.2000 – maximum 11.2600 – weighted average 11.2486 --------------------------------------------------------------------------------
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. 89.3 % in terms of the raised volume, were purchased by second-tier banks, 10.7 % – by other institutional investors.
OFFERING TERMS:
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Trade date: July 3, 2020
Term to maturity: 2.7 years (954 days)
Announced offering volume, tenge: 4,000,000,000
Lot size, pieces: 1
Trade subject: "clean" price
Purchase order types: limit and market
Order submission method: closed
Market order acceptance ratio, %: 70
Order collection period: 09:30–11:30
Order confirmation period: 09:30–12:00
Striking time: 12:30 (Т+0)
Payment date and time: July 3, 2020, 12:30
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 limit 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)
Trading system sector: Debts_List_ST1
Trading system group: Bonds_ST1_M
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[2020-07-03]