Kazakhstan Sustainability Fund on June 4 raised KZT10.0 bn on KASE by placing bonds KZ2C00007458 (KFUSb12) with weighted average yield to maturity of 9.79 % APR
/KASE, June 4, 2021/ – A special trading session for the offering of bonds KZ2C00007458 (KFUSb12, KZT1,000, KZT10.0 bn; 04.06.21 – 14.06.22, 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: 7
Number of orders submitted (all / active ones), 30 / 21
incl.:
– limit: 30 / 21
– market: 0
Volume of active orders*, mln tenge, 35,501.4
– limit: 35,501.4
– market: 0
Bid to ask, %: Х3.6 times
"Clean" price on orders submitted, % of the face value
(on all /active ones):
– minimum 99.4000
– maximum 99.7292
– weighted average 99.6020 / 99.5968
Yield on orders submitted, % APR (on all /active ones):
– minimum 9.7900
– maximum 10.1400
– weighted average 9.9263 / 9.9318
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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, the share of second-tier banks (STB)
accounted for 89.9%, the share of broker-dealer organizations – 0.1 %,
the share of other institutional investors – 2.9 %, the share of other legal
entities – 7.1 %, for individuals – less than 0.1 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 10,000,000
Volume of orders executed, tenge: 9,972,883,104.1
Number of orders executed: 12
Number of participants, whose orders 4
were executed:
Volume of orders executed, % of plan: 100.0
"Clean" cut-off price, % of face value: 99.7199
"Clean" price on orders submitted, % of face value:
– minimum 99.7199
– maximum 99.7292
– weighted average 99.7288
Yield at cut-off price, % APR: 9.8000
Yield on orders submitted, % APR (on all /active ones):
– minimum 9.7800
– maximum 9.8000
– weighted average 9.7904
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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, with 74.0 %, in terms of the volume of borrowings, purchased by STBs, 0.5 % - by broker-dealer organizations, 0.4 % - by other institutional investors, 25.1 % - by other legal entities, less than 0.1 % - by individuals.
OFFERING TERMS:
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Trade date: June 4, 2021
Announced offering volume, tenge: 10,000,000,000
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
Cut-off time: 14:30 (Т+0)
Payment date and time: June 4, 2021, 14:30
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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[2021-06-04]