EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT RAISES KZT60.0 BN THROUGH SUBSCRIPTION ON KASE BY PLACING NINE-YEAR INTERNATIONAL BONDS XS2264979431 (EBRDe13) AT 1 % MARGIN TO HALF-YEAR COUPON
/KASE, December 8, 2020/ – As announced earlier, an initial offering of
international bonds XS2264979431 (EBRDе13, KZT1, KZT60.0 bn, 08.12.20 –
08.12.29, inflation rate-indexed semi-annual coupon: inflation+margin,
actual/360) of the European Bank for Reconstruction and Development was held
on December 4, 2020 in the module "Subscription" of the trading system on
Kazakhstan Stock Exchange (KASE) by way of subscription to them.
Tengri Partners Investment Banking (Kazakhstan)acted as the Seller during the
subscription to the said bonds.
The nominal volume of bonds offered was up to 60,000,000,000 tenge
(60,000,000 pieces with a face value of KZT1). The price in an order stipulated
the value of the fixed margin to the semi-annual coupon rate as percentage of
the face value of the bond expressed with accuracy of up to the second decimal
place. In case of market orders, the "market yield" was indicated as the price.
The semi-annual coupon rate was calculated with reference to the rate of
inflation in Kazakhstan.
In the subscription terms no restrictions were put on buyers with regard to the
maximum number of bonds in orders submitted.
Two members of KASE took part in the subscription. A total of 34 limit orders
with a face value of KZT65,000.0 mln were submitted to the trading system, of
which 31 orders with a total face value of KZT60,000.0 mln were acknowledged
as active at the end of the order collection. The rate of the margin to the
semi-annual coupon made up 1 % in the orders submitted.
According to the results of the offering, the issuer executed 31 active orders,
thus placing the entire planned volume of KZT60,000,000,000.00. The rate of the
margin to the semi-annual coupon was fixed at 1 %.
According to the Central Securities Depository (Almaty), all deals were settled
by the end of the release of this information, based on results of the
subscription; the subscription is finished.