Asian Development Bank raises KZT6.5 bn on KASE through subscription by placing international bonds XS2507222904 (ASDBe11) with yield to maturity of 14.15 % per annum

/KASE, August 10, 2022/ – As announced earlier, an initial offering of international bonds XS2507222904 (ASDBe11, KZT6,479,250,000; 10.08.22 – 12.08.25; semi-annual coupon; 14.15 % APR; actual/360) of Asian Development Bank was conducted on Kazakhstan Stock Exchange (KASE) in the module "Subscription" of the trading system on August 4, 2022 by way of subscription to them. Tengri Partners Investment Banking (Kazakhstan) JSC (Almaty) acted as the seller during the subscription to the said bonds. Orders for the subscription were collected on August 4, 2022 from 09:30 to 11:00 o'clock (Nur-Sultan time). The nominal amount of bonds offered was KZT6,479,250,000 (6,479,250,000 pieces with face value of KZT1). Limit and market orders were accepted during the subscription. As the price an order indicated the coupon rate value, denominated in annual percentage with accuracy of up to the second decimal place. The number of financial instruments was represented by the nominal volume in tenge. The subscription conditions put no restrictions on buyers with regard to the maximum number of bonds in orders submitted. Two members of KASE participated in the trading. A total of three limit orders were submitted to the trading system with a nominal volume of KZT9,000 mln, of which two orders were recognized as active at the end of the order collection. The yield to maturity in the submitted active orders made up 14.15 % per annum. The total demand during the subscription reached KZT9,000,000,000.0, exceeding the supply volume 1.4 times. Other institutional investors accounted for 33.3 % of the total volume of active orders, other legal entities – for 66.7 %. As a result of the offering, orders for a total amount of 6,479,250,000.0 tenge were executed. The issuer placed 6,479,250,000 bonds, having determined the yield to maturity at the level of 14.15 % per annum. According to the data of the Central Securities Depository JSC (Almaty), all deals based on the results of subscription for the indicated bonds by the moment of publication of this information have been settled, the subscription has been completed. At the same time, 7.4 % of the volume raised was bought out by institutional investors, 92.6 % - by other legal entities. [2022-08-10]