European Bank for Reconstruction and Development raised KZT48.5 bn on KASE via subscription by placing 13-month international bonds XS2586856879 (EBRDe18) with a margin of 0.90 %

/KASE, February 23, 2023/ – As previously reported, on February 21, 2023 an initial offering of international bonds XS2586856879 (EBRDе18; KZT48.5 bn, 23.02.23 – 23.03.24, floating quarterly coupon, TONIA Compounded + margin, actual /365) of the European Bank for Reconstruction and Development took place in the trading system of Kazakhstan Stock Exchange (KASE, or the Exchange) by way of subscription to them. Tengri Partners Investment Banking (Kazakhstan) JSC acted as the seller during the subscription to the mentioned bonds. Orders for the subscription were collected on February 21, 2023 from 09:30 to 12:00 o'clock, Astana time. Bonds with a nominal volume of KZT48.0 bn (48,000,000,000 pieces with a par value of 1 tenge) were offered for placement. As part of the subscription, limit and market orders were collected. The value of the fixed margin to the coupon as a percentage of the face value of the bond, expressed with accuracy of up to the second decimal place, was specified as the price in the order. Four members of KASE took part in the trades. A total of seven limit orders were submitted to the trading system with a nominal volume of KZT51.5 bn, of which, at the end of the order collection, six orders with a nominal volume of KZT48.5 bn (101.0 % of the supply volume) were recognized as active. The rate of margin to coupon in the submitted orders was 0.90 %. Banks accounted for 15.5 % of the total volume of active orders, other institutional investors – for 59.8 %, and other legal entities – for 24.7 %. As a result of the placement, all active orders were executed for a total of KZT48.5 bn. The margin rate is set at 0.90 %. According to the data of 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. [2023-02-23]