Leasing Group on March 7 raised $1.3 mln on KASE by placing bonds KZ2C00010718 (LZGRb6) at weighted average yield to maturity of 9.96 % APR
/KASE, March 7, 2024/ – A special trading session for the offering of bonds KZ2C00010718 (KASE alterative market, category "commercial bonds", LZGRb6, $1,000, $5.0 mln; 25.12.23 – 25.09.24, 30/360) of Leasing Group 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:
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Number of participants: 3
Number of orders submitted (all / active ones), 7 / 7
incl.:
– limit: 7 / 7
– market: 0 / 0
Volume of active orders*, mln USD: 1.3
incl.:
– limit: 1.3
– market: 0.0
Volume of active orders, the equivalent in 584.2
mln tenge at the exchange rate of the
National Bank of the Republic of Kazakhstan:
Bid to ask: 128.1 %
"Clean" price on orders submitted, % of face value
(on all / active ones):
– minimum 99.9014
– maximum 99.9483
– weighted average 99.9194
Yield on orders submitted, % APR (on all / active ones):
– minimum 9.9000
– maximum 9.9900
– weighted average 9.9555
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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, broker-dealer organizations accounted
for 23.4 %, other institutional investors – for 1.5 %, individuals – for 75.1 %.
OFFERING RESULTS:
--------------------------------------------------------- ----------------------- Volume of orders executed, bonds: 1,281 Volume of orders executed, USD: 1,305,331.0 Volume of active orders, the equivalent in 584,161,738.1 tenge at the exchange rate of the National Bank of the Republic of Kazakhstan: Number of orders executed: 7 Number of participants, whose orders 3 were executed: Volume of orders executed, % of plan: 128.1 "Clean" cut-off price, % of face value: 99.9014 "Clean" price in executed orders, % of face value: – minimum 99.9014 – maximum 99.9483 – weighted average 99.9194 Yield at cut-off price, % APR: 9.9900 Yield of bonds to maturity for buyer, % APR: – minimum 9.9000 – maximum 9.9900 – weighted average 9.9555 ---------------------------------------------------------------------------------
According to the Central Securities Depository (Almaty), deals on this offering by the end of settlements based on the results of the trades were executed in full.
OFFERING TERMS:
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Trade date: 07.03.24
Current maturity: 198 days
Announced offering volume, US dollar: 1,000,000
Lot size, pieces: 1
Trade subject: "clean" price
Purchase order type: limit
Order submission method: closed
Order collection time: 09:30–11:30
Order confirmation time: 09:30–11:30
Cut-off time: 12:30 (Т+0)
Payment date and time: 07.03.24, 12:30
Order cut-off method: orders are cut-off, whose
prices are equal to or
below the cut-off price
Limit order execution method at prices of limit offset
depending 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: Tengri Partners Investment
Banking (Kazakhstan) JSC
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[2024-03-07]