Kazakhstan Sustainability Fund raises KZT2.3 bn on KASE by placing bonds KZ2C00006484 (BASPb8) with weighted average yield of 10.9915 % APR on August 28
/KASE, August 28, 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: 2
Number of orders submitted (all / active ones), 2 / 2
incl.:
– limit: 2 / 2
– market: 0
Volume of active orders*, mln tenge: 2,475.1
– limit: 2,475.1
– market: 0
Bid to ask, %: 105.4
"Clean" price on active orders submitted,
% of the face value (all / active ones):
– minimum 94.6751
– maximum 94.8769
– weighted average 94.6913
Yield on active orders submitted,
% APR (all / active ones):
– minimum 10.9000
– maximum 11.0000
– weighted average 10.9919
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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 91.9 %,
other legal entities accounted for 8.1 %.
OFFERING RESULTS:
-------------------------------------------------------------------------------- Volume of orders executed, bonds: 2,371,750 Volume of orders executed, tenge: 2,347,221,673.8 Number of orders executed: 2 Number of participants, whose orders 2 were executed, %: Volume of orders executed, % of plan: 100.0 "Clean" price at cut-off price, %: 94.6751 "Clean" price in orders executed, %: – minimum 94.6751 – maximum 94.8769 – weighted average 94.6922 Yield at cut-off price, % APR: 11.0000 Yield of bonds to maturity for buyer, % APR – minimum 10.9000 – maximum 11.0000 – weighted average 10.9915 --------------------------------------------------------------------------------
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. 91.5 % in terms of the raised volume, were purchased by second-tier banks, 8.5 % – by other legal entities.
OFFERING TERMS:
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Trade date: August 28, 2020
Term to maturity: 2.5 years (899 days)
Announced offering volume, tenge: 2,371,750,000
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: 09:30–11:30
Striking time: 12:30 (Т+0)
Payment date and time: August 28, 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
depending on the prices of orders: at prices of limit
offset orders equal to
the cut-off price or
those more favorable
for the seller
Limit order execution method
depending on the order of their submission: in accordance with item
6 of article 28 of the
Methods of conducting
trades in the ASTS+
Market order execution method: at weighted average price
of limit offset orders
equal to the cut-off
price or those more
favorable for the
seller
Trade initiator: Tengri Partners Investment
Banking (Kazakhstan)
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[2020-08-29]