Kazakhstan's Ministry of Finance raised KZT2.8 bn on KASE by selling the 11th issue of MEUKAM-108 (KZKD00000816) with YTM of 9.66 % APR on December 3

03.12.19 19:17
/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. -------------------------------------------------------------------------------- BID PARAMETERS: --------------------------------------------------------- ---------------------- 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 -------------------------------------------------------------------------------- * 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: --------------------------------------------------- --------------- 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 ------------------------------------------------------------------- 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: ----------------------------------- ----------------------- 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 ----------------------------------------------------------- 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]