Microfinance Organization OnlineKazFinance on December 24 raised KZT629.8 mln on KASE by placing bonds KZ2P00008162 (MFOKb2) at yield to maturity of 17.00 % APR
24.12.21 18:17
/KASE, December 24, 2021/ – A special trading session for the offering of bonds
KZ2P00008162 (MFOKb2; KZT1,000, KZT10.0 bn; 09.11.21 – 09.11.24; 30/360) of
Microfinance Organization OnlineKazFinance LLP (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:
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Number of participants: 2
Number of orders submitted (all / active ones), 4 / 4
incl:
– limit: 4 / 4
– market: 0 / 0
Volume of active orders*, mln tenge: 631.8
incl:
– limit: 631.8
– market: 0.0
Bid to ask, %: 121.0 %
"Clean" price on orders submitted, % APR (on all / active ones):
– minimum 99.9752
– maximum 102.2141
– weighted average 102.2069
Yield on orders submitted, % APR (on all / active ones):
– minimum 17,0000
– maximum 18,0000
– weighted average 17,0032
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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, brokerage and dealer organizations
accounted for 66.1%, other institutional investors – for 33.1 %, and
individuals – for 0.8 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 602,871
Volume of orders executed, tenge: 629,783,764.3
Number of orders executed: 3
Number of participants, whose orders 1
were executed:
Volume of orders executed, % of plan: 120.6
"Clean" cut-off price, % of face value: 102.2141
"Clean" price in executed orders, % 102.2141
of face value:
Yield at cut-off price, % APR: 17.0000
Yield of bonds to maturity for buyer, % APR: 17.0000
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According to the Central Securities Depository (Almaty), the deals on this
offering by the end of settlements based on the results of the trades were
executed in full.
In terms of the main categories of investors in this placement, 66.3 % of the
total volume fell on broker-dealer organizations, 33.2 % - on other
institutional investors, 0.5% - on individuals.
OFFERING TERMS:
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Trade date: December 24, 2021
Current maturity: 2.9 years (1,035 days)
Announced sale volume, tenge: 500,000,000
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: December 24, 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
depending on the prices of orders: 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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[2021-12-24]