Kazakhstan Sustainability Fund on March 3 raised KZT5.1 bn on KASE by placing bonds KZ2C00008936 (KFUSb47) with weighted average yield to maturity of 18.30 % APR
/KASE, March 3, 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: 4
Number of orders submitted (all / active ones), 7 / 7
incl.:
– limit: 7 / 7
– market: 0 / 0
Volume of active orders*, mln tenge, 12,270.8
incl.:
– limit: 12,270.8
– market: 0.0
Bid to ask: x2.4 times
"Clean" price on orders submitted, % of face
value (on all / active ones):
– minimum 100.3488
– maximum 100.6959
– weighted average 100.5242
Yield on orders submitted, % APR
(on all / active ones):
– minimum 18.2900
– maximum 18.4000
– weighted average 18.3443
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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 83.6%,
brokerage and dealer organizations – for 2.5%, other institutional
investors – for 8.1%, other legal entities – for 5.7%.
OFFERING RESULTS:
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Volume of orders executed, bonds: 5,000,000
Volume of orders executed, KZT: 5,140,369,354.4
Number of orders executed: 5
Number of participants, whose orders 3
were executed:
Volume of orders executed, % of plan: 100.0
"Clean" cut-off price, % of face value: 100.5064
"Clean" price in executed orders, % of face value:
– minimum 100.5064
– maximum 100.6959
– weighted average 100.6752
Yield at cut-off price, % APR: 18.3500
Yield of bonds to maturity for buyer, % APR:
– minimum 18.2900
– maximum 18.3500
– weighted average 18.2966
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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 placement, 60.9% of the total volume was purchased by banks, 6.0% - by brokerage and dealer organizations, 19.5% - by other institutional investors, 13.6% - by other legal entities.
OFFERING TERMS:
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Trade date: 03.03.23
Current maturity: 4.9 years (1,784 days)
Announced offering volume, tenge: 5,000,000,000
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: 03.03.23, 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: BCC Invest JSC (Subsidiary
of Bank CenterCredit JSC)
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[2023-03-03]