Kazakhstan Sustainability Fund on February 24 raised KZT18.8 bn on KASE by placing bonds KZ2C00008720 (KFUSb42) with weighted average yield to maturity of 16.73 % APR
/KASE, February 24, 2023/ – A special trading session for the offering of bonds KZ2C00008720 (KFUSb42; KZT1,000; KZT40.0 bn; 17.02.23 – 17.02.24; 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: 12
Number of orders submitted (all / active ones), 26 / 22
incl.:
– limit: 26 / 22
– market: 0 / 0
Volume of active orders*, mln tenge, 46 810,3
incl.:
– limit: 46,810.3
– market: 0.0
Bid to ask: x2.5 times
"Clean" price on orders submitted, % of face value (on all / active ones):
– minimum 93.7148
– maximum 94.0900
– weighted average 93.8040 / 93.8053
Yield on orders submitted, % APR (on all / active ones):
– minimum 16.5000
– maximum 16.9700
– weighted average 16.8581 / 16.8564
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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, banks accounted for 76.0 %,
other institutional investors – for 18.6 %, other legal entities – for 5.4 %.
OFFERING RESULTS:
------------------------------------------------------- ---------------------- Volume of orders executed, bonds: 20,000,000 Volume of orders executed, KZT: 18,817,760,332.2 Number of orders executed: 6 Number of participants, whose orders 4 were executed: Volume of orders executed, % of plan: 100.0 "Clean" cut-off price, % of face value: 93.8047 "Clean" price in executed orders, % of face value: – minimum 93.8047 – maximum 94.0900 – weighted average 93.9041 Yield at cut-off price, % APR: 16.8600 Yield of bonds to maturity for buyer, % APR: – minimum 16.5000 – maximum 16.8600 – weighted average 16.7324 ------------------------------------------------------------------------------
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 the offering, 66.0 % of the total volume was bought by banks, 23.2 % - by other institutional investors,10.8 % - by other legal entities.
OFFERING TERMS:
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Trade date: 24.02.23
Current maturity: 353 days
Announced offering volume, tenge: 20,000,000,000
Lot size, pieces: 1
Trade subject: "clean" price
Purchase order types: limit
Order submission method: closed
Order collection period: 10:00–12:00
Order confirmation period: 10:00–12:00
Cut-off time: 14:30 (Т+0)
Payment date and time: 24.02.23, 14:30
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
depending on the prices of orders: orders equal to 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: Subsidiary organization of
Halyk Bank of Kazakhstan
Halyk Finance JSC
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[2023-02-24]