/KASE, January 30, 2019/ – Repeated 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:                             3                
Number of orders submitted (all / active):          5 / 5            
including:                                                           
– limit:                                            5 / 5            
– market:                                           0                
Volume of active orders*, mln tenge:                29,166.8         
including:                                                           
– limit:                                            29,166.8         
– marker:                                           0                
Bid to ask, %:                                      103.3            
"Clean" price on orders submitted, % of face value (on all / active):
– minimum                                           94.0167          
– maximum                                           95.4829          
– weighted average                                  94.0640          
Yield on orders submitted, % APR (on all / on active):               

– minimum 8.6000 – maximum 8.7800 – weighted average 8.7741

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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.                                                 

The whole volume of active orders came from institutional investors.

OFFERING RESULTS:

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Volume of orders executed, bonds:                   31,000,000      
Volume of orders executed, tenge:                   29,152,126,166.7
Number of orders executed:                          5               
Number of participants, whose orders were executed: 3               
Volume of orders executed, % of plan:               103.3           
"Clean" price in orders executed, %:                94.0167         
Yield of bonds to maturity for buyer, % APR:        8.7800          
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According to Central Securities Depository (Almaty), deals on offering of the fourth issue of MEUKAM-240 (KZKD00000832) by the end of settlement of trade results were fully executed.

OFFERING TERMS:

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Trade date:                      January 30, 2019     
Current maturity:                16 years (5,759 days)
Declared volume, mln tenge:      30,000.0             
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:           January 30, 2019,    
                                 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 fourth issue of MEUKAM-240 (KZKD00000832) made up 201,296,452 bonds with the total face value of KZT201,296,452,000.00.

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 see more

The Rules of placement of government treasury bonds of the Republic of Kazakhstan are available at see more

[2019-01-30]