European Bank for Reconstruction and Development raised KZT40.0 bn on KASE via subscription by placing two-year international bonds XS2733527670 (EBRDe21) at 13.60 %APR

/KASE, December 21, 2023/ – As previously reported, on December 19, 2023 an initial offering of international bonds XS2733527670 (sector "securities of international financial organizations", EBRDе21; KZT40.0 bn, 21.12.23 – 21.12.25; annual coupon; actual/365) of the European Bank for Reconstruction and Development took place in the trading system of Kazakhstan Stock Exchange (KASE) by way of subscription to them. Tengri Partners Investment Banking (Kazakhstan) JSC acted as the seller during the subscription to the mentioned bonds. Orders for the subscription were collected on December 19, 2023 from 10:00 to 13:00 o'clock, Astana time. Bonds with a nominal volume of KZT30,000,000,000 (30,000,000,000 pieces with a par value of 1 tenge) were offered for placement. Under the subscription, limit and market orders were collected. The price in an order indicated the value of the coupon rate, expressed as a percentage per annum with accuracy of up to the second decimal place, and the number of financial instruments – the nominal volume in tenge. No restrictions for buyers on the maximum number of bonds in submitted orders were established by the terms of the subscription. 5 members of KASE took part in the trades. A total of 8 limit orders were submitted to the trading system, of which 7 orders with a nominal volume of KZT60,020.0 mln were recognized as active at the end of the order collection. The yield to maturity in the submitted active orders varied in the range of 13.5000–13.6000 % per annum, the weighted average yield to maturity was 13.5875 % per annum. Demand exceeded supply 2.0 times. Banks accounted for 99.97 % of the total volume of active orders, other legal entities – for 0.03 %. As a result of the placement, 6 orders for a total amount of KZT40,000,000,000.0, submitted by 5 KASE members, were executed. The issuer placed 40,000,000,000 bonds, determining the yield to maturity at 13.60 % per annum. According to the data of the Central Securities Depository JSC (Almaty), all deals based on the results of the 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, 99.9 % of the attracted volume was purchased by banks, 0.1 % – by other legal entities [2023-12-21]