Kazakhstan's Ministry of Finance on September 20 placed 18.0 mln MEUKAM-96 of 14th issue (KZKD00001228, MUM096_0014) on KASE with yield to maturity of 12.80 % APR
/KASE, September 20, 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 September 20, 2023 on the terms below (Astana time).
OFFERING TERMS
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Trade date: 20.09.23
Current maturity: 7.6 years (2,752 days)
Declared offering volume, mln KZT: 10,000.0
Trade subject: "clean" price
Market order execution rate, %: 70
Order submission method: closed
Order collection period: 09:00–12:00
Order confirmation time: 09:00–12:00
Cut-off date and time: 20.09.23, 15:00
Payment date: 22.09.23
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: 20.09.23
Current maturity: 7.6 years (2,752 days)
Declared additional offering volume, mln KZT: 10,000.0
Trade subject: "clean" price
Market order execution rate, %: 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: 22.09.23
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: 9 Number of orders submitted (all / active): 23 / 22 including: – limit: 18 / 17 – market: 5 / 5 Volume of active orders*, mln tenge: 42,597.4 including: – limit: 38,396.4 – market: 4,201.0 Bid to ask: х3.9 times "Clean" price on orders submitted, % of face value (on all / active ones): – minimum 91.2848 – maximum 105.4458 – weighted average 104.1568 Yield on orders submitted, % APR (on all / active ones):
– minimum 12.8000 – maximum 16.0000 – weighted average 13.0634
----------------------------------------------------------- * 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 64.8 %, broker and dealers – for 0.1 %, other institutional investors – for 35.1 %.
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BID PARAMETERS AT ADDITIONAL OFFERING:
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Number of participants: 1
Number of orders submitted (all / active): 2 / 2
Volume of active orders*, mln tenge: 2,431.0
Bid to ask: 22.0 %
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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:
---------------------------------------------------------------------- Volume of orders executed, bonds: 18,001,760 Volume of orders executed, tenge: 19,892,188,823.9 Number of orders executed: 9 Number of participants, whose orders were executed: 7 Volume of executed orders, % of plan: 180.0 Volume of executed orders, % of the bid: 43.7 "Clean" price in executed orders, % of face value: 105.4458 Yield of bonds to maturity for buyer, % APR: 12.8000 ----------------------------------------------------------------------
In terms of the main categories of investors during the placement, 27.0 % of the total volume was bought by banks, 73.0 % - by other institutional investors.
Taking into account the earlier offering, the total volume of MEUKAM-96 of issue 14 (KZKD00001228, MUM096_0014) made up 298,820,891 bonds for the amount of face value of KZT298,820,891,000.
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 at see more
[2023-09-20]