Microfinance Organization "KMF" on September 23 raised KZT2.7 bn on KASE by placing bonds KZ2P00007883 (MFKMb1) with weighted average yield to maturity of 12.98 % APR
/KASE, September 23, 2021/ – A special trading session for the offering of bonds KZ2P00007883 (MFKMb1; KZT1,000, KZT10.0 bn; 08.09.21 – 08.09.23; 30/360) of Microfinance Organization "KMF" (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:
-------------------------------------------------------- --------------------- Number of participants: 2 Number of orders submitted (all / active ones), 4 / 4 incl.: – limit: 4 / 4 – market: 0 Volume of active orders*, mln tenge, 2,694.1 – limit: 2,694.1 – market: 0 Bid to ask, %: 100.0 % "Clean" price on orders submitted, % of the face value (on all /active ones): – minimum 99.9845 – maximum 100.0182 – weighted average 100.0132 Yield on orders submitted, % APR (on all /active ones): – minimum 12.9800 – maximum 13.0000 – weighted average 12.9830 ------------------------------------------------------------------------------ * 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 broker-dealer organizations accounted for 40.3 %, that of other institutional investors – for 59.7 %.
OFFERING RESULTS:
-------------------------------------------------------- --------------------- Volume of orders executed, bonds: 2,679,200 Volume of orders executed, tenge: 2,694,065,147.7 Number of orders executed: 4 Number of participants, whose orders 2 were executed: Volume of orders executed, % of plan: 100.0 "Clean" cut-off price, % of face value: 99.9845 "Clean" price in orders executed, % of face value: – minimum 99.9845 – maximum 100.0182 – weighted average 100.0132 Yield at cut-off price, % APR: 13.0000 Yield of bonds to maturity for buyer, % APR: – minimum 12.9800 – maximum 13.0000 – weighted average 12.9830 ------------------------------------------------------------------------------
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 in full.
OFFERING TERMS:
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Trade date: September 23, 2021
Current maturity: 2.0 years (705 days)
Announced offering volume, tenge: 2,679,200,000
Lot size, pieces: 1
Trade subject: "clean" price
Purchase order types: limit
Order submission method: closed
Order collection period: 10:00–11:30
Order confirmation period: 10:00–11:30
Cut-off time: 12:30 (Т+0)
Payment date and time: September 23, 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 by the time of acceptance
depending on the order of their submission: of offset orders
Trade initiator: Subsidiary organization of
Halyk Bank of Kazakhstan
Halyk Finance JSC
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[2021-09-23]