Eurasian Development Bank on March 12 raised KZT4.7 bn on KASE by placing bonds KZ2D00010873 (EABRb46) at weighted average yield of 13.02 % APR
/KASE, March 12, 2024/ – A special trading session for the offering of discount bonds KZ2D00010873 (sector "securities of international financial organizations"; EABRb46;KZT1,000, KZT50.0 bn; 12.03.24 – 03.09.24, 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:
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Number of participants: 5
Number of orders submitted (all / active ones), 9 / 9
incl.:
– limit: 9 / 9
– market: 0 / 0
Volume of active orders*, mln tenge, 13,366.8
incl.:
– limit: 13,366.8
– market: 0.0
Bid to ask: х2.8 times
Discounted price on orders submitted, % of
face value (on all / active ones):
– minimum 93.7183
– maximum 94.1338
– weighted average 94.0002
Yield on orders submitted, % APR (on all / active ones):
– minimum 13.0000
– maximum 13.9800
– weighted average 13.3130
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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 70.3 %, other
institutional investors – for 16.2 %, and other legal entities – for 13.5 %.
OFFERING RESULTS:
------------------------------------------------------- ---------------------- Volume of orders executed, bonds: 5,000,000 Volume of orders executed, tenge: 4,706,135,000.0 Number of orders executed: 2 Number of participants, whose orders 1 were executed: Volume of orders executed, % of plan: 100.0 Discounted cut-off price, % of face value: 94.1116 Discounted price in executed orders, % of face value: – minimum 94.1116 – maximum 94.1338 – weighted average 94.1227 Yield at cut-off price, % APR: 13.0500 Bonds' yield to maturity for the buyer, % APR: – minimum 13.0000 – maximum 13.0500 – weighted average 13.0250 ------------------------------------------------------------------------------
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.
The total volume was purchased by banks.
OFFERING TERMS:
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Trade date: 12.03.24
Announced offering volume, tenge: 5,000,000,000
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: 12.03.24, 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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[2024-03-12]