Development Bank of Kazakhstan on August 23 raised KZT8.8 bn on KASE selling 13-year bonds KZP04Y13F519 (KZ2C00004018, BRKZb11) with yield to maturity of 11.25 % APR
23.08.17 17:32
/KASE, August 23, 2017/ – A special trading session for offering of bonds
KZP04Y13F519 (KZ2C00004018, KASE main market, category "bonds", BRKZb11,
KZT1,000, KZT8,836.0 mln; 13 years; 30/360) of Development Bank of Kazakhstan
(Astana) was held in KASE trading system today on the terms below.
OFFERING TERMS:
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Trade date: August 23, 2017
Declared volume at face value, mln tenge: 8,836.0
Lot size, pieces: 1
Trade subject: coupon rate
Purchase orders types: limit
Market order execution rate, %: 0
Order submission method: closed
Order acceptance period: 11:30–12:30
Order confirmation period: 11:30–13:00
Striking time: 14:30
Payment date and time: August 23, 2017, 14:30 (Т+0)
Order execution method: at cut-off price; orders are
executed according to time
of acceptance of offset
orders by the Exchange
Order cut-off method: orders are cut-off, whose
prices are equal to or
above the cut-off price
Trades initiator: Kazkommerts Securities
(subsidiary organization of
Kazkommertsbank)
(Almaty)
Trading system sector: Debts_List_ST1
Trading system group: Bonds_ST1_M
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OFFERING'S BID PARAMETERS:
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Number of participants: 2
Number of orders submitted (total / active): 4 / 4
Volume of active orders*, mln tenge: 9,504.0
Bid to ask, %: 107.6
Coupon rate on orders submitted, % APR:
– minimum 11.1500
– maximum 11.2500
– weighted average 11.1921
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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 institutional investors accounted for
93 %, brokerage firms – for 7 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 8,836,000
Volume of orders executed, tenge: 8,836,000,000.00
Number of orders executed: 4
Number of participants whose
orders were executed: 2
Volume of orders executed, % of plan: 100
Coupon rate in orders executed, % APR: 11.25
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According to Central Securities Depository (Almaty), all deals on this offering
and additional offering were executed by the end of settlements by trade
results. 92.5 % of the total volume of bonds sold were bought by institutional
investors, 7.5 % – by brokerage companies.
[2017-08-23]