/KASE, 18.06.18/ – Special trading session for offering government long-term
treasury bonds of the Ministry of Finance of the Republic of Kazakhstan
(MEUKAM) was held in Kazakhstan Stock Exchange (KASE) trading system
today. Below are parameters of the bid 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 (all / active): 5 / 5
including:
– limit: 5 / 5
– market: 0
Volume of active orders*, mln tenge: 23,121.1
Bid to ask, %: 114
"Clean" price on orders submitted, % from
the nominal value (on all / on active):
– minimum 99.8718
– maximum 100.1115
– weighted average 99.9681
Yield on orders submitted, % APR (all / active):
– minimum 8.4300
– maximum 8.4600
– weighted average 8.4479
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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, the share of second-tier banks is
accounted for 11.0%, for brokers-dealers – 1.3%, for other institutional
investors – 87.7%.
PLACEMENT RESULTS:
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Volume of orders executed, bonds: 22,500,000
Volume of orders executed, tenge: 22,816,547,500.0
Number of orders executed: 4
Number of participants, whose orders were executed: 4
Volume of orders executed, % of plan: 113
"Clean" price on executed orders, %: 99.9516
Yield to maturity for buyers, % APR: 8.4500
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According to Central Securities Depository (Almaty), deals on offering
the third issue of MEUKAM-168 (KZKDKY140033) by the end of settlement
of trade results were executed, 11.1% of the total volume of attracted
funds were bought out by STB, 88.9% – by other institutional investors.
PLACEMENT TERMS:
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Trade date: 18.06.18
Current maturity: 13.8 years (4,978 days)
Declared volume, mln tenge: 20,000,000
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: до 15:00 (Т+0)
Payment date and time: 18.06.18, before 15:00 (Т+0)
Order execution method: at cut-off price
Limit orders execution method: pro rata to amounts of offset orders
Trading system sector: MEKAM_ST1
Trading system group: MEUKAM_168
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Taking into account previous placements, the total volume of MEUKAM-168
of the third issue (KZKDKY140033) was 62,500,000 bonds for the face value
of KZT62,500,000,000.00.
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 of 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 at
http://www.kase.kz/files/normative_base/mekam_placement.pdf
[2018-06-18]