/KASE, January 20, 2021/ – A repeated special trading session for the offering of government short-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEKKAM) 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:                              11                         
Number of orders submitted (all / active):           57 / 54                    
including:                                                                      
– limit:                                             50 / 47                    
– market:                                            7                          
Volume of active orders*, mln tenge:                 100,771.5                  
including:                                                                      
– limit:                                             75,771.5                   
– market:                                            25,000.0                   
Bid to ask, %:                                       11.1                       
Price on orders submitted, % of face value (on all / on active ones):           
– minimum                                            90.8300                    
– maximum                                            91.3293                    
– weighted average                                   91.0358 / 91.0344          
Yield on orders submitted, % APR (on all / on active ones):                     
– minimum                                            9.4900                     
– maximum                                            10.1000                    
– weighted average                                   9.8466/ 9.8483             
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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 entire volume of active orders, the share of second-tier banks (STBs) accounted for 84.6 %, brokers and dealers – for 0.1 %, other institutional investors – for 5.8 %, other legal entities – for 9.5 %.

OFFERING RESULTS:

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Volume of orders executed, bonds:                   306,834,712     
Volume of orders executed, tenge:                   28,022,999,462.7
Number of orders executed:                          8               
Number of participants, whose orders were executed: 5               
Volume of orders executed, % of plan:               306.8           
Price in orders executed, % of face value           91.3293         
Yield of bonds to maturity for buyer, % APR:        9.4900          
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According to Central Securities Depository (Almaty), deals on offering the 149th issue of MEKKAM-12 (KZK100000258) by the end of settlement of trade results were executed. 82.2 %, in terms of the raised volume, were purchased by second-tier banks, 8.9 % – by other institutional investors, 8.9 % – by other legal entities.

OFFERING TERMS:

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Trade date:                                 January 20, 2021                               
Declared offering volume, tenge:            100,000,000.0                                  
Trade subject:                              "clean" price                                  
Market order execution rate, %:             70                                             
Order submission method:                    closed                                         
Order collection time:                      09:00–11:00                                    
Order confirmation time:                    09:00–11:00                                    
Striking time:                              before 15:00 (Т+0)                             
Payment date and time:                      January 20, 2021, 15:00                        
Method of execution of limit offset orders: in accordance with                             
                                            item 6 of Article 28 of the 
                                            Regulations on the 
                                            Methods of Conducting                          
                                            Trades in TCS ASTS+                            
Method of execution of limit orders:        at prices of limit offset orders               
                                            equal to the cut-off price or                  
                                            those more favorable                           
                                            for the seller                                 
Method of execution of market orders:       at weighted average price                      
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Taking into account the earlier offering, the total amount of the 149th issue of MEKKAM-12 (KZK100000258) made up 306,834,712 bonds with the total face value of KZT30,683,471,200.0.

MEKKAM sold by the Ministry of Finance are automatically admitted to circulation on KASE's secondary market under the trading code indicated in the table.

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 see more

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

[2021-01-20]