/KASE, November 28, 2023/ – As previously announced, on November 23, 2023, an initial offering of international bonds XS2725047505 (sector "securities of international financial organizations", IFC_e8; KZT9,136,600,000; 28.11.23 – 27.09.28; semi-annual coupon, 13.65 % per annum; actual/360) of the International Finance Corporation through subscription to them was carried out in the trading system of Kazakhstan Stock Exchange (KASE).

Tengri Partners Investment Banking (Kazakhstan) JSC (Almaty) acted as the seller during the subscription to these bonds.

Orders for the subscription were collected on November 23, 2023 from 09:30 to 12:00 o'clock, Astana time.

Bonds with a nominal volume of KZT9,304,000,000 (9,304,000,000 pieces with a nominal value of 1 tenge) were offered for placement. Limit and market orders were accepted as part of the subscription.

The price in an order was indicated by the value of coupon rate, expressed as a percentage per annum with accuracy of up the second decimal place, and the number of financial instruments – by the nominal volume in tenge. No restrictions for buyers on the maximum number of bonds in submitted orders were established by the subscription terms.

3 KASE members took part in the trading. A total of 3 limit orders were submitted to the trading system, of which, at the end of the order collection 3 orders in the amount of KZT9,852.4 mln (105.9 % of the supply volume) were recognized as active. The yield to maturity in the submitted active orders was 13.6500 % per annum.

In the total volume of active orders, banks accounted for 53.6 %, and other institutional investors – for 46.4%.

As a result of the offering, 3 active orders for a total amount of KZT9,136,600,000.0, submitted by three KASE members, were executed. The issuer placed 9,136,600,000 bonds, determining the yield to maturity at 13.65 % per annum.

In terms of the main categories of investors during the offering, 57.8 % of the total volume was purchased by banks, 42.2 % – by other institutional investors.

According to the data of Central Securities Depository JSC (Almaty), all transactions based on the results of the subscription to the said bonds were settled by the time of publication of this information, the subscription was completed.

[2023-11-28]