/KASE, April 16, 2024/ – Kazakhstan Stock Exchange (KASE) announces that
two special trading sessions (for the offering and additional offering) of
government long-term treasury bonds of the Ministry of Finance of the
Republic of Kazakhstan (MEUKAM) were held in KASE's trading system on
April 16, 2024 on the terms below (Astana time).
OFFERING TERMS
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Trade date: 16.04.24
Current maturity: 5.9 years (2,121 days)
Declared offering volume, mln KZT: 30,000.0
Trade subject: "clean" price
Market order execution rate, %: from 0 to 100 depending
on market demand
Order submission method: closed
Order collection time: 09:00–12:00
Order confirmation time: 09:00–12:00
Cut-off date and time: 16.04.24, 15:00
Payment date: 18.04.24
Limit offset orders execution method: pro rata to amounts
of offset orders
Limit orders execution method: at prices of limit offset
orders equal to the cut-off
price or those more
favorable for the seller
Market orders execution method: at weighted average price
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From 15:30 to 16:00 o'clock, Astana time, the issuer planned to
additionally place the indicated bonds for the amount of KZT10,000.0 mln in
KASE's trading system during a special trading session. The special trading
session on additional offering was declared invalid due to the fact that at
the end of the order collection period there were no active orders in
KASE's trading and clearing system.
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BID PARAMETERS AT OFFERING:
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Number of participants: 5
Number of orders submitted (all / active): 12 / 12
including:
– limit: 10 / 10
– market: 2 / 2
Volume of active orders*, mln tenge: 48,448.8
including:
– limit: 43,448.8
– market: 5,000.0
Bid to ask: 159.8 %
"Clean" price on orders submitted, % of face value
(on all / active ones):
– minimum 99.1245
– maximum 100.0950
– weighted average 99.6771
Yield on orders submitted, % APR (on all / active ones):
– minimum 11.9600
– maximum 12.2000
– weighted average 12.0628
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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, banks accounted for 64.4 %,
other institutional investors – for 35.6 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 21,927,968
Volume of orders executed, tenge: 22,248,481,798.9
Number of orders executed: 4
Number of participants, whose orders were executed: 3
Volume of executed orders, % of plan: 73.1
Volume of executed orders, % of the bid: 45.7
"Clean" price in orders executed, % of face value: 100.0950
Yield of bonds to maturity for buyer, % APR: 11.9600
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In terms of the main categories of investors, during the placement, 22.5 %
of the total volume was purchased by banks, 77.5 % – by other institutional
investors.
Taking into account the earlier offering, the total volume of MEUKAM-72 of the
15th issue (KZKD00001251, MUM072_0015) amounted to 114,761,505 bonds
for the amount of the face value of KZT114,761,505,000.
Settlements on this offering will be carried out according to the T+2 scheme.
MEUKAM sold at today's auction will be admitted to circulation on KASE's
secondary market under the trade code specified in the table on the next working
day after the day of fulfillment of obligations under deals. The bonds must be
quoted in KASE's trading system in clean prices.
The Rules of issue, placement, circulation, service and maturity of government
treasury bonds of the Republic of Kazakhstan are available 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
Detailed information on the issue of these bonds is available at
https://kase.kz/en/gsecs/show/MUM072_0015/
[2024-04-16]