Kazakhstan's Ministry of Finance raised KZT5.9 bn on November 18 on KASE by selling 15th issue MEUKAM-84 (KZKD00000766) with YTM of 9.81 % APR

18.11.19, 18:54
/KASE, November 18, 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. -------------------------------------------------------------------------------- BID PARAMETERS: --------------------------------------------------------- ---------------------- Number of participants: 2 Number of orders submitted (all / active): 2 / 2 including: – limit: 2 / 2 – market: 0 Volume of active orders*, mln tenge: 5,811.9 including: – limit: 5,811.9 – market: 0 Bid to ask, %: 100.0 "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 94,7964 – maximum 95,3415 – weighted average 95,2636 Yield on orders submitted, % APR (on all / on active ones): – minimum 9,8100 – maximum 10,2000 – weighted average 9,8654 -------------------------------------------------------------------------------- * 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 14.2 %, the share of institutional investors – 85.8 %. OFFERING RESULTS: --------------------------------------------------- --------------- Volume of orders executed, bonds: 6,000,000 Volume of orders executed, tenge: 5,863,465,000.0 Number of orders executed: 2 Number of participants, whose orders were executed: 2 Volume of orders executed, % of plan: 100.0 "Clean" price in orders executed, % of face value: 95.3415 Yield of bonds to maturity for buyer, % APR: 9.8100 ------------------------------------------------------------------- According to Central Securities Depository (Almaty), deals on offering the 15th issue of MEUKAM-84 (KZKD00000766) by the end of settlement of trade results were executed. The entire volume was purchased by institutional investors. OFFERING TERMS: ------------------------------------ -------------------- Trade date: November 18, 2019 Current maturity: 1.6 years (591 days) Declared offering volume, mln tenge: 6,000 Trade subject: "clean" price Market order execution ratio, %: 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: November 18, 2019 15:00 (Т+0) 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_084 --------------------------------------------------------- Taking into account the earlier offering, the total amount of the 15th issue of MEUKAM-84 (KZKD00000766) made up 65,619,000 bonds with the total face value of KZT65,619,000,000.00. 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 [2019-11-18]