Asian Development Bank raised KZT8.9 bn on KASE via subscription by placing "green" international bonds XS2571803019 (ASDBe13) with yield to maturity of 16.65 % per annum
25.01.23 18:38
/KASE, January 25, 2023/ – As announced previously, on January 19, 2023, the
initial offering of "green" international bonds XS2571803019 (sector "securities
of international financial organizations", ASDBe13; KZT8,900,684,000; 25.01.23
– 21.01.25; quarterly coupon; 16.65 % per annum; actual/360) of Asian
Development Bank was carried out 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
when subscribing to these bonds.
Orders for the subscription were collected on January 19, 2023 from 09:30 to
11:30 o'clock, Astana time.
Bonds with a par value of KZT8,900,684,000 (8,900,684,000 bonds with a par
value of 1 tenge) were offered for placement. As part of the subscription, limit
and market orders were accepted.
The value of the coupon rate was indicated as the price in the order, expressed
as a percentage per annum with an accuracy of up to the second decimal place,
as the number of financial instruments – the face value in tenge. No
restrictions for buyers on the maximum number of bonds in submitted orders were
set by the terms of the subscription.
Seven members of KASE took part in the trades. In total, 15 limit orders were
submitted to the trading system with a nominal volume of KZT21,600.0 mln, of
which nine orders in the amount of KZT16,500.0 mln (185.4% of the offer
volume) were recognized as active at the end of the order collection period.
Yield to maturity in submitted active orders varied in the range of
16.6000-16.7000 % APR, weighted average yield to maturity amounted to 16.6597 %
APR.
In the total volume of active orders, banks accounted for 42.4 %, and other
institutional investors – for 57.6 %.
According to the placement results, five orders were executed for a total of
KZT8,900,684,000.0, submitted by five members of KASE. The issuer placed
8,900,684,000 bonds, determining the yield to maturity at 16.65 % per annum.
According to 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, 50.6 % of the volume raised was purchased by banks, 49.4 % - by
other institutional investors.
[2023-01-25]