Home Credit Bank on August 18 raised KZT1.9 bn on KASE by placing bonds KZ2C00009918 (HCBNb10) at weighted average yield to maturity of 18.00 % APR
/KASE, August 18, 2023/ – A special trading session for the offering of bonds KZ2C00009918 (HCBNb10; KZT1,000; KZT20.0 bn; 31.07.23 – 31.07.26; semi- annual coupon, 16.50 % APR, 30/360) of Home Credit Bank 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:
------------------------------------------------------- ---------------------- Number of participants: 3 Number of orders submitted (all / active ones), 5 / 5 incl.: – limit: 5 / 5 – market: 0 / 0 Volume of active orders*, mln tenge, 1,862.0 incl.: – limit: 1,862.0 – market: 0.0 Bid to ask: 127.4 % "Clean" price on orders submitted, % of face value (on all / active ones): – minimum 96.6469 – maximum 96.6686 – weighted average 96.6470 Yield on orders submitted, % APR (on all / active ones): – minimum 17.9900 – maximum 18.0000 – weighted average 17.9999 ------------------------------------------------------------------------------ * 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, broker-dealer organizations
accounted for 78.5 %, other institutional investors – for 15.7%,
other legal entities – for 4.8 %, individuals – for 0.9 %. OFFERING RESULTS:
------------------------------------------------------- ---------------------- Volume of orders executed, bonds: 1,910,280 Volume of orders executed, tenge: 1,861,988,993.5 Number of orders executed: 5 Number of participants, whose orders 3 were executed: Volume of orders executed, % of plan: 127.4 "Clean" cut-off price, % of face value: 96.6469 "Clean" price in executed orders, % of face value: – minimum 96.6469 – maximum 96.6686 – weighted average 96.6470 Yield at cut-off price, % APR: 18.0000 Yield of bonds to maturity for buyer, % APR: – minimum 17.9900 – maximum 18.0000 – weighted average 17.9999 ------------------------------------------------------------------------------
According to the Central Securities Depository (Almaty), the deal on this offering by the end of settlements based on the results of the trades was executed in full.
In terms of the main categories of investors during the placement, 78.5 % of the total volume was purchased by broker-dealer organizations, 15.7 % - by other institutional investors, 4.8 % - by other legal entities, 0.9 % - by individuals.
OFFERING TERMS:
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Trade date: 18.08.23
Current maturity: 3.0 years (1,063 days)
Declared offering volume, tenge: 1,500,000,000
Lot size, pieces: 1
Trade subject: "clean" price
Purchase order type: limit
Order submission method: closed
Order collection period: 10:00–12:00
Order confirmation time: 10:00–12:00
Cut-off time: 14:30 (Т+0)
Payment date and time: 18.08.23, 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 depending at prices of limit offset
on the prices of orders: orders equal to the
cut-off price or those
more favorable to 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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[2023-08-18]