Baiterek raises KZT 50 billion on KASE with five-year bonds at 15.72%

Demand for the bonds exceeded the initial offering 2.2 times, and the full planned volume was placed.

Kazakhstan’s Baiterek National Investment Holding placed five-year bonds worth KZT 50 billion on KASE at an annual coupon rate of 15.72%.

Author: Робот Source: Kazakhstan Stock Exchange

Trading screen showing bond placement data on the Kazakhstan Stock Exchange — KASE held the placement and additional placement of Baiterek bonds. Illustrative photo. Photo: PIX1861 / Pixabay, Pixabay Content License

Baiterek National Investment Holding placed its KZ2C00018687 (BTRKb35) bonds on the Kazakhstan Stock Exchange (KASE) on November 5. The issue raised KZT 50 billion, with a five-year term and an annual coupon rate of 15.72%.

During the initial placement, active bids totaled KZT 108.6 billion. Demand was 2.2 times the offered amount, with nine participants submitting bids.

In the additional placement, active bids amounted to KZT 52.6 billion, and demand was 3.1 times the amount on offer. Five participants took part.

Including the additional placement, all 50 million bonds were sold for a total of KZT 50 billion. The accepted bids carried an annual coupon rate of 15.72%.

Banks bought 50% of the total issue, brokerage firms 4.1%, and other institutional investors 45.9%. The Central Securities Depository reported that settlement of the trades had been completed.

Translated from Russian using artificial intelligence. Source: Kazakhstan Stock Exchange

Countries:

Kazakhstan

Tags:

Finance

Baiterek raises KZT 50 billion on KASE with five-year bonds at 15.72%

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