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05.03.2024 17:33 #Trading information

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      
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* 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:

-------------------------------------- ---------------------------
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]