/KASE, April 16, 2024/ – A repeated special trading session for 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 the bid parameters and results of the special
trading session.
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BID PARAMETERS:
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Number of participants: 5
Number of orders submitted (all / active): 9 / 9
including:
– limit: 8 / 8
– market: 1 / 1
Volume of active orders*, mln tenge: 38,564.7
including:
– limit: 38,514.7
– market: 50.0
Bid to ask: 143.7 %
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 86.4120
– maximum 88.7913
– weighted average 88.3832
Yield on orders submitted, % APR (on all / active ones):
– minimum 12.1500
– maximum 12.6000
– weighted average 12.2257
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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 30.1 %,
other institutional investors – for 69.9 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 30,105,633
Volume of orders executed, tenge: 27,056,909,137.6
Number of orders executed: 4
Number of participants, whose orders were executed: 3
Volume of executed orders, % of plan: 100.4
Volume of executed orders, % of the bid: 69.8
"Clean" price in orders executed, % of face value: 88.7913
Yield of bonds to maturity for buyer, % APR: 12.1500
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In terms of the main categories of investors during the offering, 0.4 % of the total
volume was purchased by banks, 99.6 % – by other institutional investors.
Taking into account the earlier offering, the total volume of MEUKAM-168 of the
fifth issue (KZKD00001111, MUM168_0005) amounted to 325,885,123 bonds for
the amount of the face value of KZT325,885,123,000.
Settlements for 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
business day after the day of fulfillment of obligations under deals. The bonds
must be quoted in KASE's trading system in clean prices.
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OFFERING TERMS:
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Trade date: 16.04.24
Current maturity: 10.9 years (3,924 days)
Declared offering volume, mln tenge: 30,000.0
Trade subject: "clean" price
Market order execution ratio, %: 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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The Rules of issue, placement, circulation, service and maturity of government
treasury obligations 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
Details of the mentioned bond issue are available at
http://kase.kz/en/gsecs/show/MUM168_0005/
[2024-04-16]