Kazakhstan Sustainability Fund on December 2 raised KZT9.4 bn on KASE by placing two-year bonds KZ2C00008704 (KFUSb40) with weighted average yield to maturity of 17.44 % APR
02.12.22 17:55
/KASE, December 2, 2022/ – A special trading session for the offering of bonds
KZ2C00008704 (KFUSb40; KZT1,000; KZT40.0 bn; 04.11.22 – 04.11.23;
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:
------------------------------------------------------ -----------------------
Number of participants: 5
Number of orders submitted (all / active ones), 11 / 6
incl.:
– limit: 11 / 6
– market: 0 / 0
Volume of active orders*, mln tenge, 17,274.2
incl.:
– limit: 17,274.2
– market: 0.0
Bid to ask: х1.8 times
"Clean" price on orders submitted, % of the
face value (all / active ones):
– minimum 93.6289 / 93.6363
– maximum 93.7772
– weighted average 93.6422 / 93.6556
Yield on orders submitted, % APR
(all / active ones):
– minimum 17.3000
– maximum 17.5000 / 17.4900
– weighted average 17.4820 / 17.4640
------------------------------------------------------------------------------
* 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, banks accounted for 45.4 %,
other institutional investors – for 38.4 %, and other legal entities –
for 16.2 %.
OFFERING RESULTS:
------------------------------------------------------ -----------------------
Volume of orders executed, bonds: 10,000,000
Volume of orders executed, tenge: 9,441,046,288.9
Number of orders executed: 4
Number of participants, whose orders 4
were executed:
Volume of orders executed, % of plan: 100.0
"Clean" cut-off price, % of the face value: 93.6363
"Clean" price in orders executed, %
of the face value:
– minimum 93.6363
– maximum 93.7772
– weighted average 93.6716
Yield at cut-off price, % APR: 17.4900
Yield of bonds to maturity for buyer, % APR:
– minimum 17.3000
– maximum 17.4900
– weighted average 17.4424
------------------------------------------------------------------------------
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 during the offering, 83.0 %
of the total volume was bought out by banks, 17.0 % - by other legal entities.
OFFERING TERMS:
------------------------------------------- ------------------------------------
Trade date: 02.12.22
Current maturity: 332 days
Announced offering volume, tenge: 10,000,000,000
Lot size, pieces: 1
Trade subject: "clean" price
Purchase order types: limit
Order submission method: closed
Order collection period: 10:00–11:00
Order confirmation period: 10:00–11:00
Cut-off time: 14:00 (Т+0)
Payment date and time: 02.12.22, 14:00
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
depending on the prices of 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: Freedom Finance JSC
--------------------------------------------------------------------------------
[2022-12-02]