/KASE, November 13, 2017/ – A repeated special trading session for offering of
government mid-term treasury bonds of Kazakhstan's Ministry of Finance MEOKAM-60
of the 50th issue (KZK2KY050500) 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: 5
Number of orders submitted (total / active): 6 / 6
including:
– limit: 5
– market: 1
Volume of active orders*, mln tenge: 23,464.8
including:
– limit: 23,253.4
– market: 211.4
Bid to ask, %: 148.0
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 102.3760
– maximum 102.9003
– weighted average 102.7335
Yield on orders submitted, % APR (on all / on active ones):
– minimum 8.8500
– maximum 9.0000
– weighted average 8.8976
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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 31.4 %,
other institutional investors – for 46.0 %, other legal entities – for 22.6 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 15,200,000
Volume of orders executed, tenge: 16,091,356,711.12
Number of orders executed: 4
Number of participants whose orders were executed: 3
Volume of orders executed, % of plan: 101.3
"Clean" price in orders executed, %: 102.9003
Bond's yield to maturity for buyer, % APR: 8.8500
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According to Central Securities Depository (Almaty), all deals on the offering
of the 50th issue of MEOKAM-60 (KZK2KY050500) by the end of settlement of
trade results were executed, whereas 67.1 % of the amount raised came from
institutional investors, 32.9 % – from other legal entities.
OFFERING TERMS:
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Trade date: November 13, 2017
Current maturity: 4.2 years (1,510 days)
Announced offering volume, mln KZT: 15,000.0
Trade subject: "clean" price
Market order execution 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: November 13, 2017
before 15:00 (Т+0)
Order execution method: at cut-off price
Order execution way: pro rata to amounts of
offset orders
Trading system sector: MEKAM_ST1
Trading system group: MEOKAM_060
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Taking into account the earlier offering, the total volume of the 50th issue of
MEOKAM-50 (KZK2KY050500) made up 92,400,000 bonds with a total face value of
KZT92,400,000,000.00.
MEOKAM 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
[2017-11-13]