European Bank for Reconstruction and Development raised KZT16.0 bn on KASE through subscription by placing two-year international bonds XS2555207096 (EBRDe16) at 15.35 % per annum

/KASE, November 17, 2022/ – As announced earlier, an initial offering of international bonds XS2555207096 (EBRDe16; KZT16.0 bn; 17.11.22 – 17.11.24; annual coupon; actual/365) of the European Bank for Reconstruction and Development was held on November 15, 2022 in the trading system of Kazakhstan Stock Exchange (KASE) by way of subscription to them. Tengri Partners Investment Banking (Kazakhstan) JSC (Almaty) acted as a seller during the subscription to these bonds. Orders under the subscription were collected on November 15, 2022 from 09:30 to 11:30 o'clock, Astana time. Bonds with a par value of KZT15,000,000,000 tenge (15,000,000,000 bonds with a par value of KZT1) were offered for placement. Limit and market orders were accepted under the subscription. As the price an order must indicate the value of the coupon rate, expressed in annual percentage with accuracy of up to two decimal places. The number of financial instruments in an order must be represented by the face volume in tenge. No restrictions on the maximum number of bonds in submitted orders have been set for buyers by the terms of the subscription. Three members of KASE took part in the trades. In total, three limit orders were submitted to the trading system with a face volume of KZT16,000.0 mln, which were recognized as active as of the end of the order collection period. Yield to maturity in submitted active orders amounted to 15.35 % per annum. Demand exceeded supply by 1.1 times. In the total volume of active orders, institutional investors accounted for 56.2 %, and other legal entities – for 43.8 %. As a result of the offering, orders were executed for a total of KZT16,000,000,000.0. The issuer placed 16,000,000,000 bonds, determining the yield to maturity at 15.35 % per annum. According to the Central Securities Depository JSC (Almaty), all deals based on the results of the subscription to the indicated bonds by the moment of publication of this information were settled, the subscription has been completed. [2022-11-17]