Kazakhstan Sustainability Fund on November 11 raised KZT26.6 bn on KASE by placing bonds KZ2C00007318 (KFUSb9) with weighted average yield to maturity of 17.70 % APR
/KASE, November 11, 2022/ – A special trading session for the offering of bonds KZ2C00007318 (KFUSb9; KZT1,000; KZT100.0 bn; 22.01.21 – 22.01.26; 30/360) of Kazakhstan Sustainability Fund JSC (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 participant accounts: 7
Number of orders submitted (all / active ones), 7 / 7
incl.:
– limit: 7 / 7
– market: 0 / 0
Volume of active orders*, mln tenge, 26,656.2
– limit: 26,656.2
– market: 0.0
Bid to ask: 100.2 %
"Clean" price on orders submitted, % of the face
value (all / active ones):
– minimum 81.0617
– maximum 84.3275
– weighted average 81.0619
Yield on orders submitted, % APR (all / active ones):
– minimum 16.1000
– maximum 17.7000
– weighted average 17.6999
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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, broker-dealer organizations accounted for
18.3 %, other institutional investors – for 10.0 %, other legal entities –
for 71.5 %, individuals – for 0.2 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 30,000,000
Volume of orders executed, tenge: 26,606,474,221.3
Number of orders executed: 7
Number of participants, whose orders 2
were executed:
Number of participant accounts: 7
Volume of orders executed, % of plan: 100.0
"Clean" cut-off price, % of the face value: 81.0617
"Clean" price in orders executed, % of the face value:
– minimum 81.0617
– maximum 84.3275
– weighted average 81.0619
Yield at cut-off price, % APR: 17.7000
Yield of bonds to maturity for buyer, % APR:
– minimum 16.1000
– maximum 17.7000
– weighted average 17.6999
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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 full.
In terms of the main categories of investors during placement, 18.1 % were bought by broker-dealer organizations, 10.0 % - by other institutional investors, 71.7 % - by other legal entities and 0.2 % - by individuals.
OFFERING TERMS:
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Trade date: 11.11.22
Current maturity: 3.2 years (1,151 days)
Announced offering volume, tenge: 30,000,000,000
Lot size, pieces: 1
Trade subject: "clean" price
Purchase order types: limit
Order submission method: closed
Order collection period: 09:00–09:15
Order confirmation period: 09:00–09:15
Cut-off time: 12:00 (Т+0)
Payment date and time: 11.11.22, 12:00
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 equal to
depending on the prices of orders: the cut-off price or those more
favorable for the seller
Limit order execution method depending by the time of acceptance
on the order of their submission: of offset orders
Trade initiator: Freedom Finance JSC
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[2022-11-14]