Market Notice AIX Book-building announcement –pdf
AIX hereby informs Market Participants of the timeline for the Book-building, allocation and cash – settlement of the Sale of the Notes of the Republic of Kazakhstan, represented by the Ministry of Finance of the Republic of Kazakhstan:
| Process | Action Taker | Description | Duration |
| Sending orders into the AIX Trading system (book-building period) | Market Participants | Market Participants are requested to send bids with “GTC” duration. | from 12:00 on September 17, 2020 till 18:00 on September 17, 2020 |
| Providing Investors’ information | Market Participants | The bid orders of Market Participants must contain the investors’ information | from 12:00 on September 17, 2020 till 18:00 on September |
| Transfer Investors’ funds to the AIX CSD bank Account | Market Participants | Market Participants must deposit / transfer to the Book-Build Settlement Account a sufficient amount to cover the total sum of the submitted bids | All orders must be pre-funded by 18:00 on September 17, 2020, after the end of book-building process, no possibility of cash withdrawing is allowed. |
| Excess cash transfer | AIX CSD | If applicable and requested, the AIX CSD transfers any excess cash back to the AIX CSD Participants’ bank accounts | By Market Participants requests |
| Book-building allocation and pricing announcement | AIX/ Lead Manager | AIX, based on information provided by the lead manager, announces the cutoff price and allocation to participants | September 18, 2020 |
| Debt distribution | AIX CSD | The AIX CSD transfers the bonds to the investors’ accounts at the AIX CSD | September 23, 2020 |
| First day of secondary trading | AIX | First day of trading | September 28, 2020 |
Please note, for cash transfers to the Book-build settlement bank, Market Participants
must send in one aggregated transfer all monies received by their customer the AIX CSD
Book-build settlement bank.
By participating in the Book-Building, the AIX Market Participants explicitly consent to
provide to the Issuer through the Lead Manager the identity of the investors (who have
submitted their orders through Market Participants) and undertake that they have
received from such investors the authorisation to provide this information to the Issuer,
Lead Manager and AIX.
By participating in the Book-Building, the AIX Market Participants accept that possibility
of cash withdrawing is not allowed.
By participating in the Book-Building, the AIX Market Participants accept that the Issuer
and Lead Manager may, at its sole discretion, refuse to allocate securities for any
reason. Participating Market Participants undertake to convey this information to their
clients and receive their approval prior to these clients submitting bids.
By participating in the Book-Building, the AIX Market Participants accept that the final
distribution of the bonds may differ from the allocation in case of a shortfall in funding due
to uncovered bids.
Please contact AIX CSD, +77172 235 317 / +77172 235 302, or email, [email protected], for
additional settlement and allocation information.
Please contact AIX Market Operations and On-boarding Department by phone, +77172
647300, or email, [email protected], for additional trading information.