Kazakhstan's Ministry of Finance raises KZT6.8 bn on KASE on February 11 by selling second issue of MEUKAM-216 (KZKD00001079) with YTM of 8.70 % APR

11.02.19, 18:35
/KASE, February 11, 2019/ – A repeated special trading session for the 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:                                                                 
--------------------------------------------------------- ----------------------
Number of participants:                                   5                     
Number of orders submitted (all / active):                8 / 8                 
including:                                                                      
– limit:                                                  8 / 8                 
– market:                                                 0                     
Volume of active orders*, mln tenge:                      31,800.0              
including:                                                                      
– limit:                                                  31,800.0              
– market:                                                 0                     
Bid to ask, %:                                            127.2                 
Coupon rate on orders submitted, % APR                                          
(on all / on active ones):                                                      
– minimum                                                 8.6500                
– maximum                                                 8.8600                
– weighted average                                        8.8239                
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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 entire volume of active orders came from institutional investors.


OFFERING RESULTS:                                                  
--------------------------------------------------- ----------------------------
Volume of orders executed, bonds:                   6,800,000      
Volume of orders executed, tenge:                   6,800,000,000.0
Number of orders executed:                          4              
Number of participants, whose orders were executed: 3              
Volume of orders executed, % of plan:               27.2           
Coupon rate, % APR:                                 8.7000         
--------------------------------------------------------------------------------

According to Central Securities Depository (Almaty), deals on offering of the 
second issue of MEUKAM-216 (KZKD00001079) by the end of settlement of trade results 
were executed.


OFFERING TERMS:                                                 
--------------------------------- ----------------------------------------------
Trade date:                       February 11, 2019             
Declared placement volume, pcs:   25,000,000                    
Trade subject:                    coupon rate                   
Market order acceptance ratio, %: 70                            
Order submission method:          closed                        
Order collection 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:            February 11, 2019, 15:00 (Т+0)
Order execution method:           at cut-off price              
Limit order execution way:        pro rata to amounts           
                                  of offset orders              
Trading system sector:            MEKAM_ST1                     
Trading system group:             MEUKAM_216                    
Trading date:                     February 11, 2019             
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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://kase.kz/files/mix/newgko.pdf

The Rules of placement of government treasury bonds of the Republic of Kazakhstan 
are available at 
http://kase.kz/files/normative_base/mekam_placement_eng.pdf

[2019-02-11]