/KASE, November 6, 2019/ – 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 the trading system of Kazakhstan Stock Exchange
(KASE) today. Below are parameters of the bid and results of the special
trading session.
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BID PARAMETERS:
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Number of participants: 3
Number of orders submitted (all / active): 3 / 3
including:
– limit: 3 / 3
– market: 0
Volume of active orders*, mln tenge: 12,942.9
including:
– limit: 12,942.9
– market: 0
Bid to ask, %: 123.3
"Clean" price on orders submitted, % of the
face value (on all / on active ones):
– minimum 98.0252
– maximum 100.8128
– weighted average 98.5523
Yield on orders submitted, % APR
(on all / on active ones):
– minimum 8.6000
– maximum 8.9200
– weighted average 8.8582
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* active orders – orders not annulled by trade participants at expiry of order
submission period including those confirmed by Confirmation System participants.
In the total volume of active orders institutional investors accounted for
59.7 %, other legal entities – for 40.3 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 10,000,000
Volume of orders executed, tenge: 10,442,936,666.7
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, % 98.0252
of the face value:
Yield of bonds to maturity for buyer, % APR: 8.9200
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According to Central Securities Depository (Almaty), deals on offering of the
second issue of MEUKAM-216 (KZKD00001079) by the end of settlement of trade
results were executed. 61.7 % of the amount raised were purchased by
institutional investors, 38.3 % – by other legal entities.
OFFERING TERMS:
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Trade date: November 6, 2019
Current maturity: 17.3 years (6,215 days)
Declared offering volume, mln KZT: 10,000.0
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: November 6, 2019,
15:00 (Т+0)
Order execution method: at the cut-off price
Limit orders execution way: pro rata to amounts of
offset orders
Trading system sector: MEKAM_ST1
Trading system group: MEUKAM_216
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Taking into account the earlier offering, the total volume of the second issue
of MEUKAM-216 (KZKD00001079) made up 187,070,470 bonds with the total face
value of KZT187,070,470,000.00.
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's 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
http://kase.kz/files/normative_base/mekam_placement_eng.pdf
[2019-11-06]