ASIAN DEVELOPMENT BANK RAISES KZT9.0 BN ON KASE THROUGH SUBSCRIPTION, BY PLACING INTERNATIONAL BONDS XS2294363689 (ASDBe7) WITH YIELD TO MATURITY OF 10.15 %

/KASE, February 22, 2021/ – As announced earlier, an initial offering of international bonds XS2294363689 (ASDBe7, KZT1, KZT9,038,783,000, 22.02.21 – 17.03.26, 30/360) of Asian Development Bank was conducted on Kazakhstan Stock Exchange (KASE) in the module "Subscription" of the trading system on February 16, 2021 by way of subscription to them. Tengri Partners Investment Banking (Kazakhstan) JSC (Almaty) acted as the seller during the subscription to the said bonds. Orders for the subscription were collected on February 16, 2021 from 09:30 to 11:00 o'clock (Almaty time). The nominal amount of bonds offered was up to KZT9,038,783,000 (up to 9,038,783,000 pieces with face value of KZT1). Limit and market orders submitted to KASE's trading system by the closed method were accepted during the subscription. Market order execution rate – 30 %. As the price an order indicated the yield to maturity, denominated in annual percentage with accuracy of up to the second decimal place. In case of market orders, the "yield at market" was indicated as the price. The number of financial instruments was represented by the nominal volume in tenge. The subscription conditions put no restrictions on buyers with regard to the maximum number of bonds in orders submitted. Seven members of KASE participated in the trading. A total of 12 limit orders were submitted to the trading system for purchase of bonds with a nominal volume of KZT12,538.1 mln, which at the end of the order collection were recognized as active. The yield to maturity in the submitted active orders varied in the range of 9.75–10.00 % per annum, the weighted average yield to maturity was 9.87 % per annum. The total demand during the subscription reached KZT12,538,086,500, which made 138.7 % of the supply volume. In the total volume of active orders, second-tier banks (STB) accounted for 18.0 %, institutional investors – for 78.0 %, and other legal entities – for 4.0 %. Based on the results of the offering, six orders were executed for a total amount of KZT9,038,783,000.0. The issuer has issued 9,038,783,000 bonds with a yield to maturity of 9.95 %. According to the Central Securities Depository JSC (Almaty), all deals based on results of the subscription to said bonds were settled by the moment of release of this information, the subscription is completed. At the same time, 25.0 %, in terms of amounts raised, were purchased by STB, 75.0 % – by institutional investors. [2021-02-22]