Asian Development Bank raises KZT3.4 bn on KASE through subscription by placing "green" international bonds XS2541297557 (ASDBe12) with yield to maturity of 14.50 % per annum

20.10.22 17:15
/KASE, October 20, 2022/ – As announced earlier, an initial offering of "green" international bonds XS2541297557 (ASDBe12; KZT3,411,252,000; 20.10.22 – 22.10.24; quarterly coupon; 14.50 % APR; actual/360) of Asian Development Bank was conducted in the trading system of Kazakhstan Stock Exchange (KASE) on October 14, 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 October 14, 2022 from 09:30 to 11:30 o'clock, Astana time. The nominal amount of bonds offered was KZT3,411,252,000 (3,411,252,000 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. One member of KASE participated in the trading. One limit order for purchase of bonds was submitted to the trading system with a nominal volume of KZT3,411.3 mln, which was recognized as active at the end of the order collection. The yield to maturity in the submitted order made up 14.50 % per annum. Demand to supply made up 100.0 %. As a result of the offering, the order was executed in full. According to the data of the Central Securities Depository JSC (Almaty), the deal based on the results of subscription for the indicated bonds by the moment of publication of this information was settled, the subscription was completed. [2022-10-20]