KASE to offer 10 million Kazakhstan Sustainability Fund bonds on November 12

The two-year bonds will carry an annual coupon rate of 12.50%.

KASE will hold a special bond placement auction for Kazakhstan Sustainability Fund JSC on November 12. The announced placement volume is 10 billion tenge.

Author: Робот Source: Kazakhstan Stock Exchange

Kazakhstan Stock Exchange building, where the bond placement auction will take place. — KASE will hold an auction for bonds issued by Kazakhstan Sustainability Fund JSC. Illustrative photo. Photo: AhmadArdity / Pixabay, Pixabay Content License

A special auction to place bonds issued by Kazakhstan Sustainability Fund JSC will take place on the Kazakhstan Stock Exchange (KASE) trading system on November 12. The offer covers 10 million bonds.

Each bond has a nominal value of 1,000 tenge and a term of two years, or 720 days. The annual coupon rate is 12.50%, with payments made once a year.

The announced placement volume is 10 billion tenge. Applications will be accepted and confirmed from 10:00 to 12:00, with the cutoff at 14:30. Payment is due on November 12 at 14:30.

Applications must state the bond’s “clean” price, excluding accrued interest, as a percentage of its nominal value to four decimal places. Only KASE members may submit bids; other investors can apply through those legal entities.

The Central Securities Depository will settle the transactions in accordance with its rules.

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