This is the third allotment of financial institutions under the bond plan
The Kapital.kz Business Information Center reported that on April 27, 2021, the Kazakhstan Stock Exchange (KASE) trading system will conduct a special transaction for the placement of 5.9 million bonds of the housing construction savings bank Otbasy Bank JSC. KASE information. The announced placement totals 5,924,007,000 tenge.
The KASE website stated that the bond’s maturity date is 5.2 years. The plan is to allocate securities at a rate of 10.27% per year. The coupon will be paid twice a year: January 17th and July 17th. This is the third placement of Otbasy Bank under its bond plan.
Earlier, it was reported that the bank’s bond issuance required 40 billion tenge of securities to be allocated. Among them, 20 billion tenge was attracted through the exchange on July 17, 2019, and 14.1 billion tenge was attracted through the exchange on April 2, 2021.
It is assumed that the funds raised will be used for the implementation of the housing plans “Askeri Baspana” and “Almaty Zhastary” in 2021.
At the beginning of the second quarter of this year, the state-managed holding company Baiterek was the sole shareholder of Otbasy Bank JSC.
According to data from the National Bank, as of March 1, 2021, Otbasy Bank’s total assets are 2.1 trillion tenge and liabilities -1.9 trillion tenge. The size of the loan portfolio is 1.4 trillion tenge, and the late fee is 1.8%. Personal deposits reached 1.5 trillion tenge. The bank’s total equity exceeds 294 billion tenge. From January to February, the profit exceeded 10.5 billion tenge.
Otbasy Bank attracted 14.1 billion tenge in KASE
It was reported earlier that the bank plans to issue bonds of 20 billion tenge.