Asian Development Bank raises KZT13.3 bn on KASE through subscription by placing international bonds XS2351373134 (ASDBe8) with yield to maturity of 10.45 % per annum

/KASE, June 24, 2021/ – As announced earlier, an initial offering of international bonds XS2351373134 (ASDBe8, KZT1, KZT13,346,760,000, 24.06.21 – 18.09.29; semi-annual coupon; 10.45 % APR; 30/360) of Asian Development Bank was conducted on Kazakhstan Stock Exchange (KASE) in the module "Subscription" of the trading system on June 18, 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 June 18, 2021 from 09:30 to 11:00 o'clock (Nur-Sultan time). The nominal amount of bonds offered was KZT13,346,760,000 (up to 13,346,760,000 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. Four members of KASE participated in the trading. A total of 13 limit orders were submitted to the trading system for purchase of bonds with a nominal volume of KZT20,085.1 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 10.40–10.50 % per annum, the weighted average yield to maturity was 10.45 % per annum. The total demand during the subscription reached KZT20,085,140,000.0, which made 150.5 % of the supply volume. In the total volume of active orders, institutional investors accounted for 65.1 %, and other legal entities – for 34.9 %. Based on the results of the offering, nine orders were executed for a total amount of KZT13,346,760,000.0. The issuer has placed 13,346,760,000 bonds with a yield to maturity of 10.45 %. 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 that, 48.0 %, in terms of amounts raised, were purchased by institutional investors, 52.0 % – by other legal entities. [2021-06-24]