/KASE, March 18, 2019/ – A repeated special trading session for the offering of
government long-term treasury obligations 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: 3
Number of orders submitted (all / active ones): 5 / 5
including:
– limit: 5 / 5
– market: 0
Volume of active orders*, mln tenge: 31,030.0
including:
– limit: 31,030.0
– market: 0
Bid to ask, %: 108.7
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum: 94.0018
– maximum: 94.6473
– weighted average: 94.0535
Yield on orders submitted, % APR (on all / on active ones):
– minimum: 8.7000
– maximum: 8.7800
– weighted average: 8.7736
------------------------------------------------------------------------------
* active orders – orders not annulled by trade participants at expiry of order
submission period including those confirmed by Confirmation
System participants.
The entire amount of active orders originated from institutional investors.
OFFERING RESULTS:
--------------------------------------------------- ----------------
Volume of orders executed, bonds: 32,611,000
Volume of orders executed, tenge: 31,013,131,657.2
Number of orders executed: 5
Number of participants, whose orders were executed: 3
Volume of orders executed, % of plan: 108.7
"Clean" price in orders executed, % of 94.0018
the face value:
Yield of bonds to maturity for buyer, % APR: 8.7800
--------------------------------------------------------------------
According to Central Securities Depository (Almaty), deals on offering of the
fourth issue of MEUKAM-240 (KZKD00000832) were carried out by the end
of settlement of trade results, submitted orders were fully executed.
OFFERING TERMS:
------------------------------------ -----------------------
Trade date: March 18, 2019
Current maturity: 15.9 years (5,711 days)
Declared offering volume, mln tenge: 30,000.0
Trade subject: "clean" price
Market order execution rate, %: 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: March 18, 2019,
15:00 (Т+0)
Order execution method: at cut-off price
Limit orders execution way: pro rata to amounts
of offset orders
Trading system sector: MEKAM_ST1
Trading system group: MEUKAM_240
------------------------------------------------------------
Taking into account the earlier offering, the total amount of the fourth issue
of MEUKAM-240 (KZKD00000832) made up 233,907,452 bonds with the total face value
of KZT233,907,452,000.00.
MEUKAM sold by the Ministry of Finance are automatically admitted to circulation
on KASE's secondary market under the trading code indicated in the table. At the
same time bonds must be quoted in clean prices in KASE's trading system.
The text of the Rules of issue, placement, circulation, service and redemption
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://kase.kz/files/normative_base/mekam_placement_eng.pdf
[2019-03-18]