/KASE, December 25, 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.
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BID PARAMETERS:
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Number of participants: 4
Number of orders submitted (total / active): 5 / 5
including:
– limit: 5
– market: 0
Volume of active orders*, mln tenge: 21,544.8
Bid to ask, %: 148.8
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 93.0654
– maximum 93.6258
– weighted average 93.4907
Yield on orders submitted, % APR (on all / on active ones):
– minimum 8.8000
– maximum 9.0000
– weighted average 8.8481
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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 13.5 %,
other institutional investors – for 53.8 %, other legal entities – for 32.8 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 14,969,000
Volume of orders executed, tenge: 14,452,807,340.8
Number of orders executed: 4
Number of participants, whose orders were executed: 3
Volume of orders executed, % of plan: 99.8
"Clean" price in the order executed, %: 93.4852
Bond's yield to maturity for buyer, % APR: 8.8500
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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 20.0 % of the total amount raised was bought by
STB, 50.5 % – by other institutional investors, 29.5 % – by other legal entities.
OFFERING TERMS:
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Trade date: December 25, 2017
Current maturity: 3.5 years (1,274 days)
Declared offering volume, mln tenge: 15,000
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: December 25, 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
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Taking into account the earlier offering, the total volume of 15th issue of
MEUKAM-84 (KZKDKY070842) made up 44,619,000 bonds with a total face value of
KZT44,619,000,000.00.
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 Rules of 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
[2017-12-25]