/KASE, October 26, 2021/ – BCC Invest JSC (Subsidiary of Bank CenterCredit JSC)
(Almaty, in the heading – BCC Invest) has provided Kazakhstan Stock Exchange
(KASE) with the following press release dated October 22, 2021:
quote
On October 22, 2021, placement of medium-term bonds of Subsidiary VTB Bank JSC
(Kazakhstan) on the market of Kazakhstan Stock Exchange JSC was completed. The
underwriter was BCC Invest JSC, a subsidiary of Bank CenterCredit JSC. The
placement was carried out among insurance companies, unit investment trust and
state-owned companies. In terms of the main categories of investors, during the
placement, 6.2 % of the total volume fell on broker-dealer organizations,
55.4 % - on other institutional investors, 38.4 % - on other legal entities.
The demand for bonds exceeded the supply 3 times, the order book was
oversubscribed. Investors were interested in the attractive yield of VTB bonds –
11.25 % per annum and a comfortable circulation period of 2 years with a high
credit quality of the issuer (S&P rating "BB+", outlook "stable").
"The results of the offering of bonds correspond to our expectations, confirm
the financial stability of the bank and its attractiveness for institutional
investors. The funds raised will be used to lend to the economy and residents
of the country," said Dmitry Zabello, Chairman of the Management Board of VTB
Bank (Kazakhstan).
Deputy Chairman of the Management Board of "BCC Invest" JSC Alibek Urazakov said:
"We are grateful to VTB Bank (Kazakhstan) for the trust and believe that the
successful placement of bonds was a natural result of the high appraisal of the
issuer by investors and our well-coordinated work".
unquote
The full press release is available on KASE website at –
https://kase.kz/files/emitters/BCCI/bcci_reliz_261021_1.pdf
[2021-10-26]