Kazakhstan's Ministry of Finance on November 10 raised KZT6.8 bn on KASE selling 15th issue of MEUKAM-84 (KZKDKY070842) with YTM of 8.85 % APR

10.11.17 18:42
/KASE, November 10, 2017/ – A repeated special trading session for offering of government long-term treasury bonds of Kazakhstan's Ministry of Finance (MEUKAM) was held in Kazakhstan Stock Exchange (KASE) trading system today. Below are bid parameters and results of the special trading session. -------------------------------------------------------------------- BID PARAMETERS: --------------------------------------------------- ---------------- Number of participants: 3 Number of orders submitted (total / active): 4 / 4 including: – limit: 3 – market: 1 Volume of active orders*, mln tenge: 6,782.9 including: – limit: 6,687.3 – market: 95.5 Bid to ask, %: 101.4 "Clean" price on orders submitted, % of face value: 93.2984 Yield on orders submitted, % APR: 8.8500 -------------------------------------------------------------------- * 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 institutional investors accounted for 56.3 %, other legal entities – for 43.7 %. OFFERING RESULTS: --------------------------------------------------- ---------------- Volume of orders executed, bonds: 7,100,000 Volume of orders executed, tenge: 6,782,881,261.11 Number of orders executed: 3 Volume of orders executed, % of plan: 100.0 "Clean" price in order executed, %: 93.2984 Bond's yield to maturity for buyer, % APR: 8.8500 -------------------------------------------------------------------- According to Central Securities Depository (Almaty), deals on the offering of the 15th issue of MEUKAM-84 (KZKDKY070842) by the end of settlement of trade results were executed, whereas 56.3 % of the total amount raised came from institutional investors, 43.7 % – from other legal entities. OFFERING TERMS: ------------------------------------ ---------------------- Trade date: November 10, 2017 Current maturity: 3.7 years (1,319 days) Declared offering volume, mln tenge: 7,000 Trade subject: "clean" price Market order execution ratio, %: 70 Order submission method: closed Order receipt 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: November 10, 2017 15:00 (Т+0) Execution method: at cut-off price Limit orders execution way: pro rata to amounts of offset orders Trading system sector: MEKAM_ST1 Trading system group: MEUKAM_084 ----------------------------------------------------------- Taking into account the earlier offering, the total volume of 15th issue of MEUKAM-84 (KZKDKY070842) made up 15,400,000 bonds with a total face value of KZT15,400,000,000.00. 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 text of the Rules on issue, placement, circulation, service and maturity of government treasury bonds of the Republic of Kazakhstan is available on KASE website at http://www.kase.kz/files/mix/newgko.pdf The text of the Rules on placement of government treasury bonds of the Republic of Kazakhstan is available on KASE website at http://www.kase.kz/files/normative_base/mekam_placement_eng.pdf [2017-11-10]