Kazakhstan's Ministry of finance on October 28 raised KZT3.7 bn on KASE by placing 11th issue of MEUKAM-108 (KZKD00000816) with YTM of 9.85 % APR

28.10.19 18:33
/KASE, October 28, 2019/ – A repeated special trading session for the offering of government long-term treasury bonds of Kazakhstan's Ministry of Finance (MEUKAM) was held in Kazakhstan Stock Exchange (KASE) trading system today. Below are bid parameters and results of the special trading session. ----------------------------------------------------------------------------- BID PARAMETERS: ----------------------------------------------------- ----------------------- Number of participants: 4 Number of orders submitted (total / active): 4 / 4 including: – limit: 3 / 3 – market: 1 Volume of active orders*, mln tenge: 4,834.7 including: – limit: 4,604.5 – market: 230.2 Bid to ask, %: 131.3 "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 89.9111 – maximum 91.2002 – weighted average 90.9424 Yield on orders submitted, % APR (on all / on active ones): – minimum 9.8500 – maximum 10.3000 – weighted average 9.9390 ----------------------------------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants. In the total amount of active orders second-tier banks accounted for 18.8 %, other institutional investors – for 81.2 %. OFFERING RESULTS: ----------------------------------------------------- ----------------------- Volume of orders executed, bonds: 4,000,000 Volume of orders executed, tenge: 3,693,896,888.9 Number of orders executed: 3 Number of participants, whose orders 3 were executed: Volume of orders executed, % of plan: 100.0 "Clean" price in orders executed, 91.2002 % of the face value: Bonds' yield to maturity for buyer, % APR: 9.8500 ----------------------------------------------------------------------------- According to Central Securities Depository (Almaty), the deals on the offering of the 11th issue of MEUKAM-108 (KZKD00000816) by the end of settlement of trade results were executed, whereby the entire amount was purchased by other institutional investors. OFFERING TERMS: ------------------------------------ ---------------------- Trade date: October 28, 2019 Current maturity: 3.8 years (1,381 days) Declared offering amount, mln tenge: 4,000.0 Trade subject: "clean" price Market order execution ratio, %: 70 Order submission method: closed Order receipt time: 09:00–11:00 Order confirmation time: 09:00–11:30 (Т+0) Striking time: before 15:00 (Т+0) Payment date and time: October 28, 2019, 15:00 (Т+0) Order execution method: at cut-off price Limit orders execution method: pro rata to offset order amounts Trading system sector: MEKAM_ST1 Trading system group: MEUKAM_108 ----------------------------------------------------------- Taking into account the earlier offering, the total volume of 11th issue of MEUKAM-108 (KZKD00000816) made up 69,737,000 bonds with a total face value of KZT69,737,000,000.00. 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 on 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 text of the Rules on placement of government treasury bonds of the Republic of Kazakhstan is available on KASE website at http://kase.kz/files/normative_base/mekam_placement_eng.pdf [2019-10-28]