Delta Bank Sold Bonds at 9,5 % APR at KASE
OREANDA-NEWS. February 29, 2012. A special trading session was held in KASE trading system to place bonds KZP01Y05E178 (KZ2С00001709, KASE official list, Rated Debt Securities category, NFBNb2; KZT1,000, KZT10.0 bn; January 18, 2012 - January 18, 2017; semi-annual coupon 9.50 % APR, 30/360) of JSC "Delta Bank" (Almaty), reported the press-centre of KASE.
The issue of the mentioned bonds is the first one under the first bond programme of JSC "Delta Bank" registered by the Committee on Regulation and Supervision of Financial Market and Financial Organizations of the National Bank of the Republic of Kazakhstan on December 5, 2011 to the total amount of KZT50.0 bn under No. E17, and the second issue of "internal" bonds of the mentioned issuer, which underwent the listing procedure at KASE.
The declared volume of placement was equal to 10,000,000 bonds KZP01Y05E178 (the entire number of registered bonds of this issue).
As the price an order would indicate the bonds' "net" price (excluding interest accrued) expressed as percentage of the security's face value accurate within the fourth decimal. Only limited orders submitted to KASE trading system from 11:30 to 13:00 o'clock (Almaty time) (ALT) by the closed method were accepted. The method of acceptance of orders for purchase - at prices of orders equal to the cut-off price or being more favorable for the seller. The settlement scheme - Т+0.
One KASE member - a pension market entity - took place in the trading, submitting 2,000,000 bonds. By the end of orders submission end the order remained active. Hence, the ask made up 20.0 % of the bid. The "net" price in the order was at 99.9824 % (9.5 % APR to maturity for buyer).
Based on the trading results, the issuer set the cut-off price at 99.9824 % (9.5 % APR) and accepted that order. KZT2,018,648,000.00 were raised.
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