/KASE, June 25, 2018/ – Repeated special trading session for offering of
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: 3
Number of orders submitted (all / active): 3 / 3
including:
– limit: 3 / 3
– market: 0
Volume of active orders*, mln tenge: 17,455.5
Bid to ask, %: 350
"Clean" price on orders submitted, % of face value (on all / active):
– minimum 96.4238
– maximum 96.7658
– weighted average 96.4727
Yield on orders submitted, % APR (on all / on active):
– minimum 8.4300
– maximum 8.4700
– weighted average 8.4643
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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 accounted for 14.3 %,
other institutional investors for 85.7 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 17,500,000
Volume of orders executed, tenge: 17,446,910,833.3
Number of orders executed: 3
Number of participants, whose orders were executed: 3
Volume of orders executed, % of plan: 350
"Clean" price in orders executed, %: 96.4238
Yield of bonds to maturity for buyer, % APR: 8.4700
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According to Central Securities Depository (Almaty), deals on offering of the
4th issue of MEUKAM-240 (KZKDKY200043) by the end of settlement of trade
results were executed, whereas 14.3 % of the total amount raised was bought
by second-tier banks, 85.7 % by other institutional investors.
OFFERING TERMS:
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Trade date: June 25, 2018
Current maturity: 16.6 years (5,974 days)
Declared volume, mln tenge: 5,000.0
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: June 25, 2018, 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_240
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Taking into account the earlier offering, the total amount of the 4th issue of
MEUKAM-240 (KZKDKY200043) made up 170,296,452 bonds with the total face
value of KZT170,296,452,000.00.
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
[2018-06-25]