Kazakhstan's Ministry of Finance raised KZT4.7 bn on KASE on August 12 by placing MEUKAM-132 of third issue (KZKD00000360) with yield to maturity of 9.50 % APR

12.08.19, 18:04
/KASE, August 12, 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 the trading system of Kazakhstan Stock Exchange (KASE) 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): 9 / 7 including: – limit: 8 / 6 – market: 1 Volume of active orders*, mln tenge: 9,610.1 including: – limit: 9,330.2 – market: 279.9 Bid to ask, %: 206.0 "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 90.9411 – maximum 91.4640 – weighted average 91.0577 / 91.1711 Yield on orders submitted, % APR (on all / on active ones): – minimum 9.4000 – maximum 9.6500 – weighted average 9.5940 / 9.5397 ----------------------------------------------------------------------------- * 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 24.7 %, other institutional investors – for 75.3 %. OFFERING RESULTS: --------------------------------------------------- --------------- Volume of orders executed, bonds: 5,000,000 Volume of orders executed, tenge: 4,669,275,555.6 Number of orders executed: 4 Number of participants, whose orders were executed: 1 Volume of orders executed, % of plan: 100.0 "Clean" price in orders executed, % of the 91.2544 face value: Yield of bonds to maturity for buyer, % APR: 9.5000 ------------------------------------------------------------------- According to Central Securities Depository (Almaty), deals on offering of the third issue of MEUKAM-132 (KZKD00000360) by the end of settlement of trade results were completed, orders submitted were fully executed. 94.0 % were bought by second-tier banks, 6.0 % – by other institutional investors. OFFERING TERMS: ------------------------------------ ----------------------------- Trade date: August 12, 2019 Current maturity: 2.6 years (943 days) Declared offering volume, mln tenge: 5,000.00 Trade subject: "clean" price Market order acceptance ratio, %: 70 Order submission method: closed Order receipt time: 09:00–11:00 Order confirmation time: 09:00–11:30 Striking time: before 15:00 (Т+0) Payment date: August 12, 2019 Payment time: before 15:00 Order acceptance method: at cut-off price, pro rata to amounts of offset orders Trading system sector: MEKAM_ST1 Trading system group: MEUKAM_132 ------------------------------------------------------------------ Taking into account the earlier offering, the total amount of the second issue of MEUKAM-132 (KZKD00000360) made up 46,290,000 bonds with the total face value of KZT46,290,000,000.00. MEUKAMs 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 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 [2019-08-12]