Kazakhstan Sustainability Fund on February 24 raised KZT8.7 bn on KASE by placing bonds KZ2C00008936 (KFUSb47) with weighted average yield to maturity of 18.32 % APR
/KASE, February 24, 2023/ – A special trading session for the offering of bonds KZ2C00008936 (KFUSb47; KZT1,000; KZT40.0 bn; 20.01.23 – 20.01.28; actual/365) 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: 2
Number of orders submitted (all / active ones), 3 / 3
incl.:
– limit: 3 / 3
– market: 0 / 0
Volume of active orders*, mln tenge, 9,691.9
incl.:
– limit: 9,691.9
– market: 0.0
Bid to ask: 111.6 %
"Clean" price on orders submitted, % of face value (on all / active ones):
– minimum 100.0131
– maximum 100.4546
– weighted average 100.4123
Yield on orders submitted, % APR (on all / active ones):
– minimum 18.3100
– maximum 18.4500
– weighted average 18.3234
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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, brokers and dealers accounted for 3.2 %,
other legal entities – for 96.8 %. OFFERING RESULTS:
------------------------------------------------------- ---------------------- Volume of orders executed, bonds: 8,500,000 Volume of orders executed, KZT: 8,686,714,534.5 Number of orders executed: 2 Number of participants, whose orders 2 were executed: Volume of orders executed, % of plan: 100.0 "Clean" cut-off price, % of face value: 100.4230 "Clean" price in executed orders, % of face value: – minimum 100.4230 – maximum 100.4546 – weighted average 100.4255 Yield at cut-off price, % APR: 18.3200 Yield of bonds to maturity for buyer, % APR: – minimum 18.3100 – maximum 18.3200 – weighted average 18.3192 ------------------------------------------------------------------------------
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.
During the offering, the entire volume was bought by other legal entities.
OFFERING TERMS:
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Trade date: 24.02.23
Current maturity: 4.9 years (1,791 days)
Announced offering volume, tenge: 8,500,000,000
Lot size, pieces: 1
Trade subject: "clean" price
Purchase order types: limit
Order submission method: closed
Order collection period: 10:00–10:30
Order confirmation period: 10:00–10:30
Cut-off time: 11:30 (Т+0)
Payment date and time: 24.02.23, 11:30
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: Freedom Finance JSC
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[2023-02-24]