Eurasian Development Bank on November 9 raised KZT4.9 bn on KASE by placing bonds KZ2D00008141 (EABRb23) with weighted average yield to maturity of 9.83 % APR
09.11.21 18:06
/KASE, November 9, 2021/ – A special trading session for the offering of
discount bonds KZ2D00008141 (EABRb23; KZT1,000, KZT5.0 bn; 09.11.21 – 08.02.22;
actual/365) of Eurasian Development Bank 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:
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Number of participants: 6
Number of orders submitted (all / active ones), 9 / 8
incl.:
– limit: 9 / 8
– market: 0
Volume of active orders*, mln tenge, 13,000.7
– limit: 13,000.7
– market: 0
Bid to ask, %: х 2.7 times
Discounted price on orders submitted, % of
the face value (on all /active ones):
– minimum 97.5817
– maximum 97.6174
– weighted average 97.5994 / 97.5989
Yield on orders submitted, % APR (on all /active ones):
– minimum 9.7900
– maximum 9.9400
– weighted average 9.8656 / 9.8675
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* 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, banks accounted for 60.1 %, other
institutional investors – for 15.2 %, and other legal entities – for 24.7 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 5,000,000
Volume of orders executed, tenge: 4,880,438,306.5
Number of orders executed: 4
Number of participants, whose orders 3
were executed:
Volume of orders executed, % of plan: 100.0
Discounted cut-off price, % of face value: 97.6031
Discounted price in orders executed, %:
– minimum 97.6031
– maximum 97.6174
– weighted average 97.6088
Yield at cut-off price, % APR: 9.8500
Yield of bonds to maturity for buyer, % APR:
– minimum 9.7900
– maximum 9.8500
– weighted average 9.8263
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According to the Central Securities Depository (Almaty), the deal on this
offering by the end of settlements based on the results of the trades was
executed in full.
In terms of the main categories of investors, during the offering 34.1 %
fell on banks, 65.9 % - on other legal entities.
OFFERING TERMS:
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Trade date: November 9, 2021
Announced offering volume, tenge: 5,000,000,000
Lot size, pieces: 1
Trade subject: discounted price
Purchase order types: limit
Order submission method: closed
Order collection period: 10:00–14:00
Order confirmation period: 10:00–14:00
Cut-off time: 14:30 (Т+0)
Payment date and time: November 9, 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 in accordance with
depending on the order of their submission: item 6 of Article 28 of the Regulations
on the Methods of Conducting
Trades in TCSs
Trade initiator: Eurasian Development Bank
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[2021-11-09]