Kazakhstan Sustainability Fund on September 4 raises KZT2.8 bn on KASE by placing bonds KZ2C00006476 (BASPb7) with weighted average yield to maturity of 11.0439 % APR
/KASE, September 4, 2020/ – A special trading session for offering of bonds KZ2C00006476 (BASPb7, KZT1,000, KZT50.0 bn; 10.04.20–10.04.25, 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: 6
Number of orders submitted (all / active ones), 8 / 6
incl.:
– limit: 8 / 6
– market: 0
Volume of active orders*, mln tenge: 4,055.3
– limit: 4,055.3
– market: 0
Bid to ask, %: 143.1
"Clean" price on active orders submitted, % of
the face value (all / active ones):
– minimum 90.9029
– maximum 91.2619
– weighted average 91.0314
Yield on active orders submitted, % APR
(all / active ones):
– minimum 10.9900
– maximum 11.1000
– weighted average 11.0608
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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 46.6 %, brokers and dealers – for 31.2 %, other institutional
investors – for 9.9 %, other legal entities – for 12.3 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 3,000,000
Volume of orders executed, tenge: 2,834,603,333.5
Number of orders executed: 5
Number of participants, whose orders 4
were executed:
Volume of orders executed, % of plan: 100.0
"Clean" cut-off price, %: 90.9029
"Clean" price in orders executed, %:
– minimum 90.9029
– maximum 91.2619
– weighted average 91.0868
Yield at cut-off price, % APR: 11.1000
Yield of bonds to maturity for buyer, % APR:
– minimum 10.9900
– maximum 11.1000
– weighted average 11.0439
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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. 33.4 %, in terms of the raised volume, were purchased by second-tier banks, 44.7 % – by brokers and dealers, 14.1 % – by other institutional investors, 7.8 % – by other legal entities.
OFFERING TERMS:
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Trade date: September 4, 2020
Current maturity: 4.6 years (1,656 days)
Announced offering volume, tenge: 3,000,000,000
Lot size, pieces: 1
Trade subject: "clean" price
Purchase order types: limit
Order submission method: closed
Order collection period: 09:30–12:00
Order confirmation period: 09:30–12:00
Striking time: 13:00 (Т+0)
Payment date and time: September 4, 13:00
Order cut-off method: orders are cut-off, whose
prices are equal to or
below the cut-off price
Method of execution of limit orders depending at prices of limit offset orders
on orders' prices: equal to the cut-off price or
those more favorable for the
seller
Method of execution of limit orders depending in accordance with item 6
on the sequence of their submission: of article 28 of the Regulations
on methods of trading
in the TCS ASTS+
Trade initiator: BCC Invest – subsidiary
of Bank CenterCredit
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[2020-09-04]