PAVLODARENERGO on November 30 raised KZT300 mln on KASE selling bonds KZ2C0Y01F418 (KZ2C00003838, PDENb3) with weighted average yield of 13.1667 % APR
/KASE, November 30, 2016/ – A special trading session for the offering of bonds KZ2C0Y01F418 (KZ2C00003838; KASE official list, sector "Commercial Bonds", PDENb3, KZT100, KZT1.0 bn; 12 months; semi-annual coupon 13.00 % per annum; 30/360) of PAVLODARENERGO (Pavlodar) was held in KASE trading system today. Below are the bid parameters and results of the special trading session.
BID PARAMETERS:
---------------------------------------------------- ---------------------------
Number of participants: 2
Number of orders submitted (total / active): 2 / 2
including:
– limited: 2
– market: 0
Volume of active orders*, mln tenge: 300.0
Bid to ask, %: 30.1
"Net" price on orders submitted, % (all / active):
– minimum 99.5464
– maximum 100.0000
– weighted average 99.8483
Yield on orders submitted, % APR (all / active):
– minimum 13.0000
– maximum 13.5000
– weighted average 13.1667
--------------------------------------------------------------------------------
* active orders – orders not annulled by trade
participants at expiry of order submission
period including those,
confirmed by Confirmation System
participants.
In the entire volume of active orders the brokerage
firms accounted for 33.44 %, clients of brokerage
firms – for 66.56%.
According to Central Securities Depository (Almaty), all deals on this placement were executed by the end of settlements by trade results. OFFERING RESULTS:
---------------------------------------------------- ---------------------------
Volume of executed orders, bonds: 3,005,000
Volume of executed orders, tenge: 300,044,132.00
Number of orders executed: 2
Volume of executed orders, % of plan: 30.1
Cut-off price, % of the face value: 99.5464
Weighted average price on orders 99.8483
executed, % of the face value:
Weighted average yield to maturity for buyer, % APR: 13.1667
---------------------------------------------------- ---------------------------
OFFERING TERMS:
---------------------------------------------------- ---------------------------
Term to maturity: 12 months (360 days)
Declared volume at face value, mln tenge: 1,000.0
Trade subject: "net" price
Purchase orders types: limited and market
Market order execution rate, %: 20
Order submission method: closed
Order acceptance period: 11:30–15:00
Order confirmation period: 11:30–15:30
Cu-off time: 16:00
Payment date and time: November 30, 2016
before 16:00 (Т+0)
Market orders execution method: at the weighted average
price of limited orders
whose prices are equal to
the cut-off price or more
favorable for the seller
Limited orders execution method: at prices of limited orders
equal to the cut-off
price or those more
favorable for the seller
Order cut-off method: orders are cut-off, whose
prices are equal to or
below the cut-off price
Trades initiator: Investment House
Astana-Invest (Almaty)
---------------------------------------------------- -------------------------------
[2016-11-30]