The Bank offered bonds in the amount of 30 billion tenge for placement. During the auction, applications for the purchase were received from six participants totaling 33.5 billion tenge, which is 12 % higher than the offer from the Bank.
In the course of trading, the Bank made a decision to satisfy bids on yield to maturity at the level of 10% per annum in the amount of 27.5 billion tenge. According to KASE, second-tier banks, institutional investors and legal entities - clients of brokerage companies are among the buyers.
It should be noted that for the Bank this placement will not be the last in the near future.
“Kazkommerts Securities” JSC is the financial consultant and underwriter who accompanied “Development Bank of Kazakhstan” JSC in the process of listing and placing bonds.
