Asian Development Bank raised KZT18.0 bn on KASE through subscription by placing international bonds XS2590132242 (ASDBe14) with yield to maturity of 15.88 % APR

/KASE, March 9, 2023/ – As previously announced, on March 2, 2023 an initial offering of international bonds XS2590132242 (sector "securities of international financial organizations", ASDBe14; KZT17,978,448,000; 09.03.23 – 18.03.25; semi-annual coupon, 15.88 % per annum; 30/360) of Asian Development Bank in the trading system of Kazakhstan Stock Exchange (KASE) by way of subscription to them. Tengri Partners Investment Banking (Kazakhstan) JSC (Almaty) acted as the seller during the subscription to these bonds. Orders for the subscription were collected on March 2, 2023 from 09:30 to 12:00, Astana time. Bonds with a par value of KZT17,978,448,000 (KZT17,978,448,000 with a par value of 1 tenge) were offered for placement. As part of the subscription, limit and market orders were collected. As the price in an order, the value of the coupon rate was indicated, expressed as a percentage per annum with an accuracy of up to the second decimal place, as the number of financial instruments – the nominal volume in tenge. No restrictions for buyers on the maximum number of bonds in submitted orders were set in the terms of the subscription. Nine members of KASE took part in the trades. In total, 25 limit orders for the amount of KZT46,929.0 mln were submitted to the trading system, of which 15 orders for the amount of KZT32,934.4 mln (183.2 % of the offer volume) were recognized as active at the end of the order collection. Yield to maturity in submitted active orders varied in the range of 15.8200-16.0000 % APR, weighted average yield to maturity amounted to 15.8983 % APR. In the total volume of active orders, banks accounted for 56.2 %, and other institutional investors – for 43.8 %. Based on the placement results, 11 orders were executed for a total of KZT17,978,448,000.0, submitted by six members of KASE. The issuer placed 17,978,448,000 bonds, determining the yield to maturity at 15.88 % per annum. 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. At the same time, 85.3 % of the volume raised was purchased by banks, 14.7 % - by other institutional investors. [2023-03-09]