Eurasian Development Bank on March 5 raised KZT9.7 bn on KASE by placing bonds KZ2D00009610 (EABRb39) at weighted average yield of 13.50 % APR
/KASE, March 5, 2024/ – A special trading session for the offering of discount bonds KZ2D00009610 (sector "securities of international financial organizations"; EABRb39;KZT1,000, KZT10.0 bn; 05.03.24 – 03.06.24, actual/365) of Eurasian Development Bank 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: 6 Number of orders submitted (all / active ones), 12 / 11 incl.: – limit: 12 / 11 – market: 0 / 0 Volume of active orders*, mln tenge, 17,627.4 incl.: – limit: 17,627.4 – market: 0.0 Bid to ask: х1.8 times Discounted price on orders submitted, % of face value (on all / active ones): – minimum 96.6862 – maximum 96.8016 – weighted average 96.7574 / 96.7486 Yield on orders submitted, % APR (on all / active ones): – minimum 13.4000 – maximum 13.9000 – weighted average 13.5915 / 13.6295 ------------------------------------------------------------------------------ * 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 60.4 %, other institutional investors – for 24.7 %, and other legal entities – for 14.9 %.
OFFERING RESULTS:
------------------------------------------------------ ----------------------- Volume of orders executed, bonds: 10,000,000 Volume of orders executed, tenge: 9,677,827,500.0 Number of orders executed: 6 Number of participants, whose orders 3 were executed: Volume of orders executed, % of plan: 100.0 Discounted cut-off price, % of face value: 96.7438 Discounted price in executed orders, % of face value: – minimum 96.7438 – maximum 96.8016 – weighted average 96.7783 Yield at cut-off price, % APR: 13.6500 Bonds' yield to maturity for the buyer, % APR: – minimum 13.4000 – maximum 13.6500 – weighted average 13.5009 ------------------------------------------------------------------------------
According to the Central Securities Depository (Almaty), the 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 the offering, 35.0 % of the total volume was purchased by banks, 40.0 % – by other institutional investors, 25.0 % – by other legal entities.
OFFERING TERMS:
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Trade date: 05.03.24
Announced offering volume, tenge: 10,000,000,000
Lot size, pieces: 1
Trade subject: discounted price
Purchase order type: limit
Order submission method: closed
Order collection time: 10:00–12:00
Order confirmation time: 10:00–12:00
Cut-off time: 13:00 (Т+0)
Payment date and time: 05.03.24, 13:00
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 for the seller
Limit order execution method depending by the time of acceptance
on the order of their submission: of offset orders
Trade initiator: Eurasian Development Bank
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[2024-03-05]