ICD Eagle Limited raised KZT2.0 bn on KASE via subscription by placing trust certificates XS2624614751 (ICD_e1) with periodic payment rate of 14.95 % per annum
21.06.23 12:07
/KASE, June 21, 2023/ – As previously announced, on June 15, 2023, an initial
offering of trust certificates XS2624614751 (sector "securities of international
financial organizations", ICD_e1; KZT2.0 bn; 21.06.23 – 21.06.28, semi-annual
payments, periodic payment rate of 14.95 % per annum; 30/360) of ICD Eagle
Limited, issued under a guarantee of the Islamic Corporation for the
Development of the Private Sector (in relation to payment obligations arising
within the portfolio of the corresponding series of trust certificates) was
carried out in the trading system of Kazakhstan Stock Exchange (KASE) by way of
a subscription to them.
The underwriter of the said trust certificates is Tengri Partners Investment
Banking (Kazakhstan) JSC (Almaty).
Orders for the subscription were collected on June 15, 2023 from 9:30 to 12:00
o'clock, Astana time.
Trust certificates with a total face value of KZT2,239,500,000 were offered for
placement. As part of the subscription, limit and market orders were collected.
As the price an order indicated the value of the rate of periodic payments,
expressed in percentage per annum with accuracy of up to the second decimal
place, as the number of financial instruments – the nominal volume in tenge. No
restrictions for buyers on the maximum number of trust certificates in submitted
orders were established in the terms of the subscription.
One member of KASE took part in the trades. One limit order in the amount of
KZT2,000.0 mln, which was recognized as active at the end of the order
collection, was submitted to the trading system. The periodic payment rate in
the submitted order was 14.95 % per annum. Demand to supply amounted to 89.3
%.
As a result of the offering, the order was executed in full.
According to the data of the Central Securities Depository JSC (Almaty), the
deal based on the results of the subscription to the indicated trust
certificates has been settled by the moment of publication of this information,
the subscription is completed.
[2023-06-21]