Kazakhstan Sustainability Fund on January 15 raises KZT9.2 bn on KASE by placing bonds KZ2C00007110 (KFUSb5) with weighted average yield to maturity of 10.7036 % APR
/KASE, January 15, 2021/ – A special trading session for the offering of bonds KZ2C00007110 (KFUSb5, KZT1,000, KZT30.0 bn; December 11, 2020 – December 11, 2025, 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: 4
Number of orders submitted (all / active ones), 15 / 11
incl.:
– limit: 15 / 11
– market: 0
Volume of active orders*, mln tenge, 12,066.1
– limit: 12,066.1
– market: 0
Bid to ask, %: 156.7
"Clean" price on active orders submitted, % of the face value (all / active ones):
– minimum 94.4950
– maximum 95.9487 / 95.7373
– weighted average 95.4576 / 95.3483
Yield on active orders submitted, % APR (all / active ones):
– minimum 10.5900 / 10.6500
– maximum 11.0000
– weighted average 10.7274 / 10.7582
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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 (STB) accounted for
79.7 %, brokerage and dealing organizations – for 12.0 %, and other legal
entities – for 8.3 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 9,536,776
Volume of orders executed, tenge: 9,197,272,101.0
Number of orders executed: 9
Number of participants, whose orders 3
were executed:
Volume of orders executed, % of plan: 119.2
"Clean" cut-off price, % of the face value: 95.3066
"Clean" price on orders submitted, % of face value:
– minimum 95.3066
– maximum 95.7373
– weighted average 95.5428
Yield at cut-off price, % APR: 10.7700
Yield on orders submitted, % APR
(all / active ones):
– minimum 10.6500
– maximum 10.7700
– weighted average 10.7036
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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. 73.4 %, in terms of amounts raised, were bought by STBs, 15.7 % – by brokerage and dealing organizations, 10.9 % – by other legal entities
OFFERING TERMS:
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Trade date: January 15, 2021
Current maturity: 4.9 years (1,766 days)
Announced offering volume, tenge: 8,000,000,000
Lot size, pieces: 1
Trade subject: "clean" price
Purchase order types: limit
Order submission method: closed
Order collection period: 10:00–12:00
Order confirmation period: 10:00–12:00
Striking time: 12:30 (Т+0)
Payment date and time: January 15, 2021, 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
depending on the prices of orders: equal to the cut-off price or
those more favorable
for the seller
Limit order execution method in accordance with
depending on the order of their submission: item 6 of Article 28 of the
Regulations on the
Methods of Conducting
Trades in TCS ASTS+
Trade initiator: BCC Invest – subsidiary
of Bank CenterCredit
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[2021-01-16]