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. -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- * 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 -------------------------------------------------------------------------------- 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]