Kazakhstan Sustainability Fund on February 12 raised KZT9.9 bn on KASE by placing seven-year bonds KZ2C00007326 (KFUSb10) with weighted average yield to maturity of 10.50 % APR
/KASE, February 12, 2021/ – A special trading session for the offering of bonds KZ2C00007326 (KFUSb10, KZT1,000, KZT50.0 bn; 12.02.21 – 12.02.28, 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: 3
Number of orders submitted (all / active ones), 8 / 7
incl.:
– limit: 8 / 7
– market: 0
Volume of active orders*, mln tenge, 29,375.6
– limit: 29,375.6
– market: 0
Bid to ask, %: 154.3%
"Clean" price on orders submitted, % of the face value (all / active ones):
– minimum 95.1181
– maximum 95.2107
– weighted average 95.1667 / 95.2065
Yield on orders submitted, % APR (all / active ones):
– minimum 10.5000
– maximum 10.5200
– weighted average 10.5095 / 10.5009
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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, brokers and dealers accounted
for 5.9 %, other institutional investors – for 11.0 %, other legal entities –
for 83.1 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 30,000,000.00
Volume of orders executed, tenge: 28,562,547,084.0
Number of orders executed: 4
Number of participants, whose orders 2
were executed:
Volume of orders executed, % of plan: 150.0
"Clean" cut-off price, % of the face value: 95.1644
"Clean" price in orders executed, %:
– minimum 95.1644
– maximum 95.2107
– weighted average 95.2085
Yield at cut-off price, % APR: 10.5100
Yield of bonds to maturity for buyer, % APR:
– minimum 10.5000
– maximum 10.5100
– weighted average 10.5005
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According to the Central Securities Depository (Almaty), deals on this offering by the end of settlements based on the results of the trades were executed, while 4.8 %, in terms of volume raised, were purchased by brokers and dealers, 11.2 % – by other institutional investors, 84.0 % – by other legal entities.
OFFERING TERMS:
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Trade date: February 12, 2021
Announced offering volume, tenge: 20,000,000,000
Lot size, pieces: 1
Trade subject: "clean" price
Purchase order types: limit
Order submission method: closed
Order collection period: 10:00–11:00
Order confirmation period: 10:00–11:00
Cut-off time: 12:00 (Т+0)
Payment date and time: February 12, 2021, 12:00
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: Freedom Finance
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[2021-02-12]