/KASE, December 3, 2019/ – A repeated special trading session for offering
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.
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BID PARAMETERS:
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Number of participants: 3
Number of orders submitted (all / active): 3 / 3
including:
– limit: 3 / 3
– market: 0
Volume of active orders*, mln tenge: 3,725.8
including:
– limit: 3,725.8
– market: 0
Bid to ask, %: 133.3
"Clean" price on orders submitted, % of
face value (on all / on active ones):
– minimum 89.5482
– maximum 91.9080
– weighted average 91.3181
Yield on orders submitted, % APR
(on all / on active ones):
– minimum 9.6600
– maximum 10.5000
– weighted average 9.8660
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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 volume of active orders, second-tier banks (STB) accounted
for 24.5 %, other institutional investors accounted for 75.5 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 3,000,000
Volume of orders executed, tenge: 2,812,073,333.3
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: 91.9080
Yield of bonds to maturity for buyer, % APR: 9.6600
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According to Central Securities Depository (Almaty), deals on offering the 11th
issue of MEUKAM-108 (KZKD00000816) by the end of settlement of trade results were
executed. The entire volume was purchased by other institutional investors.
OFFERING TERMS:
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Trade date: December 3, 2019
Current maturity: 3.7 years (1,346 days)
Declared placement volume, mln KZT: 3,000.0
Trade subject: "clean" price
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: until 15:00 (Т+0)
Payment date and time: December 3, 2019, 15:00
Order
xecution metho
: at cut-off price
Limit order execution way: pro rata to amounts
of offset orders
Trading system sector: MEKAM_ST1
Trading system group: MEUKAM_108
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Taking into account the earlier offering, the total amount of the 11th issue of
MEUKAM-108 (KZKD00000816) made up 72,737,000 bonds with the total face value of
KZT72,737,000,000.00.
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
[2019-12-03]