Market Notice AIX Book-building announcement –pdf
This Market Notice is to replace Market Notice 2019-11-28_02 with the following:
| Process | Action Taker | Description | Duration |
| Sending orders into the AIX Trading system (book-building period) | Market Participants and Custodians | Market Participants and Custodians are requested to send bids with “GTC” duration. |
4-6 December 2019 09:00 – 18:00 |
| Providing Investors’ information | Market Participants and Custodians | The bid orders of Market Participants and Custodians must contain the investors’ information |
4-6 December 2019 09:00 – 18:00 |
| Transfer Investors’ funds to the AIX CSD bank Account | Market Participants and Custodians | Market Participants and Custodians must deposit / transfer to the Book-Build Settlement Account amount sufficient to cover the total sum of the potential submitted bids | Funds must be on AIX CSD bank account no later than 18:00 on 6 December 2019 |
| Excess cash transfer | AIX CSD | If applicable and requested, the AIX CSD transfers any excess cash back to the Trading Members’ bank accounts | By Market Participants and Custodians’ requests |
| Book-building allocation and pricing announcement | AIX/ Lead Manager | AIX based on information provided by the lead manager to announce the final price and allocation to participants | 9 December 2019 |
| Debt distribution | AIX CSD | The AIX CSD moves the bonds to the investors’ accounts at the AIX CSD | 10 December 2019 |
| The start day of a secondary trading of securities | AIX | The Trading of the security will be started | 11 December 2019 |
Please note, for cash transfers to the Book-build settlement bank, Market Participants and Custodians must send in one aggregated transfer all monies received by their customer at the time of the transfer and not yet remitted to the AIX CSD Book-build settlement bank.
By participating in the Book-Building, the AIX Market Participants and Custodians 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 Custodians) 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 and Custodians accept that the Issuer and Lead Manager may, at its sole discretion, refuse to allocate securities under any order for any reason. Participating Market Participants and Custodians 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 and Custodians accept that final distribution of the bonds may differ from the allocation in case of a shortfall in funding by 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 Department by phone, +77172 647300, or email, [email protected], for additional trading information.