/KASE, September 23, 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 the trading system of Kazakhstan
Stock Exchange (KASE) 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): 4 / 4
including:
– limit: 3 / 3
– market: 1
Volume of active orders*, mln tenge: 5,907.0
including:
– limit: 5,419.2
– market: 487.9
Bid to ask, %: 201.8
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 94.5859
– maximum 95.1136
– weighted average 94.8219
Yield on orders submitted, % APR (on all / on active ones):
– minimum 9.3700
– maximum 9.5200
– weighted average 9.4527
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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.
In the total amount of active orders other institutional investors accounted for 57.7 %,
other legal entities – for 42.3 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 3,000,000
Volume of orders executed, tenge: 2,934,861,500.0
Number of orders executed: 3
Number of participants, whose orders were executed: 2
Volume of orders executed, % of plan: 100.0
"Clean" price in orders executed, 95.0783
% of the face value:
Yield of bonds to maturity for buyer, % APR: 9.3800
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According to Central Securities Depository (Almaty), deals on offering of the
first issue of MEUKAM-180 (KZKD00000105) by the end of settlement of
trade results were executed. In terms of amounts raised, 16.7 % were bought
back by other institutional investors, 83.3 % - by other legal entities.
OFFERING TERMS:
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Trade date: September 23, 2019
Current maturity: 4.7 years (1,677 days)
Declared offering volume, mln tenge: 3,000.0
Trade subject: "clean" price
Market order execution 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: September 23, 2019,
15:00 (Т+0)
Orders execution method: at the cut-off price
Limit orders execution way: pro rata to amounts
of offset orders
Trading system sector: MEKAM_ST1
Trading system group: MEUKAM_180
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Taking into account the earlier offering, the total amount of the first issue of
MEUKAM-180 (KZKD00000105) made up 12,950,000 bonds with the total face
value of KZT12,950,000,000.00.
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
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
[2019-09-23]