/KASE, October 30, 2017/ – A repeated special trading session for an offering of
government long-term treasury bonds of Kazakhstan's Ministry of Finance
MEUKAM-180 of the fourth issue was held in Kazakhstan Stock Exchange (KASE)
trading system today. Below are bid parameters and results of the special trading
session.
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BID PARAMETERS:
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Number of participants: 7
Number of orders submitted (total / active): 12 / 12
including:
– limit: 11
– market: 1
Volume of active orders*, mln tenge: 14,742.6
including:
– limit: 14,581.5
– market: 161.1
Bid to ask, %: 366.0
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 78.2800
– maximum 79.8009
– weighted average 79.4609
Yield on orders submitted, % APR (on all / on active ones):
– minimum 8.9000
– maximum 9.2004
– weighted average 8.9663
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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 second-tier banks (STB) accounted for 41.0 %,
other institutional investors – for 45.4%, other legal entities – for 13.7 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 8,200,000
Volume of orders executed, tenge: 6,633,873,800.00
Number of orders executed: 4
Number of participants whose orders were executed: 4
Volume of orders executed, % of plan: 164.0
"Clean" price in orders executed, %: 79.8009
Bond's yield to maturity for buyer, % APR: 8.9000
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According to Central Securities Depository (Almaty), all deals on the offering
of the fourth issue of MEUKAM-180 (KZKDKY150040) by the end of settlements
on trade results were executed. 61.0 % of the amount raised was bought back
by STB, 26.8 % – by other institutional investors, 12.2 % – by other legal
entities.
OFFERING TERMS:
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Trade date: October 30, 2017
Current maturity: 8.8 years (3,168 days)
Declared offering volume, mln tenge: 5,000.0
Trade subject: "clean" price
Market order acceptance ratio, %: 70
Order submission method: closed
Order acceptance time: 09:00–11:00
Order confirmation time: 09:00–11:30 (Т+0)
Striking time: before 15:00 (Т+0)
Payment date and time: October 30, 2017,
15:00 (Т+0)
Order execution method: at cut-off price
Limit order execution method: pro rata to amounts of
offset orders
Trading system sector: MEKAM_ST1
Trading system group: MEUKAM_180
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Taking into account the earlier offering, the total amount of the fourth issue
of MEUKAM-180 (KZKDKY150040) made up 51,000,000 bonds with a total face value of
KZT51,000,000,000.00.
MEUKAM sold by the Ministry of Finance are automatically admitted to circulation
on KASE secondary market under the trading code indicated in the table. At the
same time bonds must be quoted in clean prices in KASE trading system.
The Rules on issue, placement, circulation, service and maturity of government
treasury bonds of the Republic of Kazakhstan are available on KASE website at
http://www.kase.kz/files/mix/newgko.pdf
The Rules on placement of government treasury bonds of the Republic of Kazakhstan
are available on KASE website at
http://www.kase.kz/files/normative_base/mekam_placement_eng.pdf
[2017-10-30]