Centras Securities announces successful offering by Bank Bank RBK of bonds in the total amount of KZT50.0 bn

01.10.21 18:56
/KASE, October 1, 2021/ – Centras Securities (Almaty) has provided Kazakhstan Stock Exchange (KASE) with a joint press release dated October 1, 2021, which states the following: quote Bank RBK JSC (hereinafter – the Bank) in the course of three special trading sessions held at Kazakhstan Stock Exchange (KASE) on September 24, 28 and 30, 2021, conducted an initial offering of its three-year bonds (INBNb10) with a total volume of KZT50 bn at par at yield of 12.5% ​​per annum. An issuing consortium consisting of Centras Securities JSC and Freedom Finance JSC acted as the underwriter of this offering. During the book-building process, the total market demand for three auctions exceeded the initial supply by 1 billion tenge and amounted to 51 billion tenge. The Bank's bonds were purchased not only by institutional investors (investment funds, management and insurance companies), but also by legal entities that do not belong to this category of investors, and individuals. More than 25 investors took part in the offering, while some of them could not purchase the desired volume of bonds due to high demand. This offering became the largest private placement in the banking sector in 2021. unquote The full press release is available on – https://kase.kz/files/emitters/CSEC/csec_reliz_011021.pdf [2021-10-01]