Kazakhstan's Ministry of Finance raised KZT77.6 bn on KASE on December 26 by selling 11th issue of MEUKAM-180 (KZKDKY150118) with YTM of 8.60 % APR

26.12.18, 18:08
/KASE, December 26, 2018/ – A repeated special trading session for the offering 
of government long-term treasury bonds of the Ministry of Finance of the 
Republic of Kazakhstan (MEUKAM) was held in Kazakhstan Stock Exchange (KASE) 
trading system today. Below are parameters of the bid and results of the special 
trading session.

BID PARAMETERS:                                                                 
--------------------------------------------------------- ----------------------
Number of participants:                                   2                     
Number of orders submitted (all / active):                6 / 6                 
– limit:                                                  6 / 6                 
– market:                                                 0                     
Volume of active orders*, mln tenge:                      77,599.3              
– limit:                                                  77,599.3              
– market:                                                 0                     
Bid to ask, %:                                            100.0                 
"Clean" price on orders submitted, % of                   93.6792               
face value (on all / on active ones):                                           
Yield on orders submitted, % APR                          8.6000                
(on all / on active ones):                                                      
* active orders – orders not annulled by trade participants at expiry of order  
  submission period including those confirmed by Confirmation System participants.

The entire volume of active orders came from institutional investors.

OFFERING RESULTS:                                                   
--------------------------------------------------- ----------------
Volume of orders executed, bonds:                   80,400,000      
Volume of orders executed, tenge:                   77,599,292,800.0
Number of orders executed:                          6               
Number of participants, whose orders were executed: 2               
Volume of orders executed, % of plan:               100.0           
"Clean" price in orders executed, %:                93.6792         
Yield of bonds to maturity for buyer, % APR:        8.6000          

According to Central Securities Depository (Almaty), deals on offering of the
11th issue of MEUKAM-180 (KZKDKY150118) by the end of settlement of trade
results were carried out and submitted applications were fully executed.

OFFERING TERMS:                                                
--------------------------------- -----------------------------
Trade date:                       December 26, 2018            
Term to redemption:               10.6 years (3,827 days)      
Declared placement volume, tenge: 80,400,000,000               
Trade subject:                    "clean" price                
Market orders execution rate, %:  70                           
Order submission method:          closed                       
Order collection time:            09:00–11:00                  
Order confirmation time:          09:00–11:30 (T+0)            
Striking time:                    before 15:00 (Т+0)           
Payment date and time:            December 26, 2018,           
                                  15:00 (Т+0)                  
Order execution method:           at cut-off price             
Limit orders execution method:    pro rata to amounts of offset
Trading system sector:            MEKAM_ST1                    
Trading system group:             MEUKAM_180                   

Taking into account the earlier offering, the total amount of the 11th issue of 
MEUKAM-180  (KZKDKY150118) made up 156,600,000 bonds with the total face 
value of KZT156,600,000,000.00.

MEUKAM sold by the Ministry of Finance are automatically admitted to circulation
on KASE secondary market under the trading code indicated in the table. At the 
same time bonds must be quoted in clean prices in KASE trading system.

The text of the Rules of issue, placement, circulation, service and maturity of 
government treasury bonds of the Republic of Kazakhstan is available on KASE 
website at http://kase.kz/files/mix/newgko.pdf

The Rules of placement of government treasury bonds of the Republic of 
Kazakhstan are available at