/KASE, August 28, 2020/ – Halyk Finance, subsidiary of Halyk Savings Bank of
Kazakhstan (Almaty, in the heading – Halyk Finance), whose bonds are officially
listed on Kazakhstan Stock Exchange (KASE), has provided to KASE joint press
release with the Eurasian Development Bank dated August 28, 2020, which states
the following:
quote
The Eurasian Development Bank (EDB) has successfully placed tenge-denominated
bonds of the first issue on the Kazakhstan Stock Exchange (KASE) as part of the
third bond program in nominal volume of KZT40 billion and a term of circulation
of 2 years. The underwriter and broker who accompanied the EDB in the bond
placement process was Halyk Finance.
This is the first placement of EDB on the Kazakhstani market this year. The
results of the placement show the continued demand from Kazakhstani investors
for EDB bonds.
A wide range of Kazakh investors showed interest in the placement. A total of 18
orders were submitted during trading process on KASE. Total market demand from
11 investors was KZT61.2 billion andexceeded the supply 1.5 times. Coupon interest
rate, which at the end of trading amounted to 11% APR, was the trade subject. In
the total volume of orders received during trading process, the share of second-
tier banks was 48.2%, the Unified Savings Pension Fund was 32.7%, broker-dealer
firms and their clients, including insurance companies was 19.1%.
unquote
Full version of the press release is posted on the KASE website (in Russian) at –
https://kase.kz/files/emitters/HFIN/hfin_reliz_280820_1.pdf
[2020-08-28]