Kazakhstan's Ministry of Finance on June 7 placed 121.1 mln MEUKAM-108 of issue 14 (KZKD00001236, MUM108_0014) on KASE at yield to maturity of 14.00 % APR
/KASE, June 7, 2023/ – 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 June 7, 2023 on the terms below (Astana time).
OFFERING TERMS
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Trade date: 07.06.23
Current maturity: 9.0 years (3,222 days)
Declared offering volume, mln KZT: 30,000.0
Trade subject: "clean" price
Market order execution ratio, %*: 70
Order submission method: closed
Order collection time: 09:00–12:00
Order confirmation time: 09:00–12:00
Cut-off date and time: 07.06.23, 15:00
Payment date: 09.06.23
Method of execution of limit offset orders: pro rata to amounts
of offset orders
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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From 15:30 to 16:00 o'clock, Astana time, a special trading session for additional offering of the mentioned bonds was held in KASE's trading system on the terms below.
ADDITIONAL OFFERING TERMS:
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Trade date: 07.06.23
Current maturity: 9.0 years (3,222 days)
Declared additional offering volume, mln KZT: 20,000.0
Trade subject: "clean" price
Market order execution ratio, %: 0
Order submission method: closed
Order collection time: 15:30–16:00
Order confirmation time: 15:30–16:00
Cut-off time: before 17:00 (Т+0)
Payment date: 09.06.23
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
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--------------------------------------------------------------------------------------------- BID PARAMETERS AT OFFERING: --------------------------------------------------------------------------- ----------------- Number of participants: 8 Number of orders submitted (all / active): 14 / 14 including: – limit: 13 / 13 – market: 1 / 1 Volume of active orders*, mln tenge: 97,721.7 including: – limit: 97,221.7 – market: 500.0 Bid to ask: х3.2 times "Clean" price on orders submitted, % APR (on all / active ones): – minimum 97.5301 – maximum 99.9528 – weighted average 99.8646 Yield on orders submitted, % APR (on all / active ones): – minimum 14.0000 – maximum 14.5000 – weighted average 14.0178 --------------------------------------------------------------------------- ----------------- * 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 61.9 %, brokers and dealers – for 2.1 %, other institutional investors – for 6.8 %, other legal entities – for 1.0 %. BID PARAMETERS AT ADDITIONAL OFFERING:
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Number of participants: 1
Number of orders submitted (all / active): 1 / 1
Volume of active orders*, mln tenge: 30,219.2
Bid to ask: 150.0 %
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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.
The total volume of active orders came from institutional investors.
OFFERING RESULTS:
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Volume of orders executed, bonds: 121,097,469
Volume of orders executed, tenge: 121,982,180,198.0
Number of orders executed: 11
Number of participants, whose orders were 8
executed:
Volume of executed orders, % of plan: 403.7
Volume of executed orders, % of the bid: 95.3
"Clean" price in executed orders, % of face value: 99.9528
Yield of bonds to maturity for 14.0000
buyer, % APR:
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In terms of the main categories of investors during the offering, 45.5 % of the total volume was purchased by banks, 1.7 % - by broker-dealer organizations, 52.0 % - by other institutional investors, 0.8 % - by other legal entities.
Taking into account the earlier offering, the total volume of MEUKAM-108 of issue 14 (KZKD00001236, MUM108_0014) amounted to 154,097,469 bonds for the amount of face value of KZT154,097,469,000.
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 see more
The Rules of placement of government treasury bonds of the Republic of Kazakhstan are available at see more Detailed information on the issue of these bonds is available
[2023-06-07]