Kazakhstan Sustainability Fund on November 5 raised KZT9.9 bn on KASE by placing bonds KZ2C00008035 (KFUSb32) with weighted average yield to maturity of 10.19 % APR
/KASE, November 5, 2021/ – A special trading session for the offering of bonds KZ2C00008035 (KFUSb32; KZT1,000, KZT30.0 bn; 05.11.21 – 05.11.22; 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:
------------------------------------------------------ ----------------------- Number of participants: 6 Number of orders submitted (all / active ones), 10 / 9 incl.: – limit: 10 / 9 – market: 0 Volume of active orders*, mln tenge, 18,386.6 – limit: 18,386.6 – market: 0 Bid to ask, %: 185.2 % "Clean" price on orders submitted, % of the face value (on all /active ones): – minimum 99.0950 – maximum 99.3828 – weighted average 99.2707 / 99.2939 Yield on orders submitted, % APR (on all /active ones): – minimum 10.1800 – maximum 10.5000 – weighted average 10.3045 / 10.2787 ------------------------------------------------------------------------------ * 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, second-tier banks (STBs) accounted for 90.9 %, other institutional investors – for 9.1 %. OFFERING RESULTS: ------------------------------------------------------ ----------------------- Volume of orders executed, bonds: 10,000,000 Volume of orders executed, tenge: 9,937,470,000.0 Number of orders executed: 5 Number of participants, whose orders 4 were executed: Volume of orders executed, % of plan: 100.0 "Clean" cut-off price, % of face value: 99.3738 "Clean" price in orders executed, % of face value: – minimum 99.3738 – maximum 99.3828 – weighted average 99.3747 Yield at cut-off price, % APR: 10.1900 Yield of bonds to maturity for buyer, % APR: – minimum 10.1800 – maximum 10.1900 – weighted average 10.1890 ------------------------------------------------------------------------------
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 terms of the main categories of investors in this offering, 83.1 % of the total volume fell on STBs, 16.9 % - on other institutional investors.
OFFERING TERMS:
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Trade date: November 5, 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: November 5, 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 by the time of acceptance
depending on the order of their submission: of offset orders
Trade initiator: BCC Invest JSC (Subsidiary
of Bank CenterCredit JSC)
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[2021-11-05]