/KASE, January 13, 2020/ – 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 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: 2
Number of orders submitted (all / active): 2 / 2
including:
– limit: 2 / 2
– market: 0
Volume of active orders*, mln tenge: 65,291.7
including:
– limit: 65,291.7
– market: 0
Bid to ask, %: 140.9
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 92.8786
– maximum 92.9536
– weighted average 92.9309
Yield on orders submitted, % APR (on all / on active ones):
– minimum 9.4684
– maximum 9.4800
– weighted average 9.4719
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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 the second-tier banks (STB) accounted for
69.8 %, other institutional investors – for 30.2 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 46,200,000
Volume of orders executed, tenge: 45,576,577,200.0
Number of orders executed: 1
Number of participants, whose orders were executed: 1
Volume of orders executed, % of plan: 98.3
"Clean" price in orders executed, % of face value: 92.9536
Yield of bonds to maturity for buyer, % APR: 9.4684
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According to Central Securities Depository (Almaty), the deal on offering of the
sixth issue of MEUKAM-156 (KZKD00000964) by the end of settlement of the
trade results was executed, with the entire amount purchased by the STB.
OFFERING TERMS:
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Trade date: January 13, 2020
Current maturity: 11.3 years (4,077 days)
Declared offering volume, mln tenge: 47,000.0
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: January 13, 2020,
15:00 (Т+0)
Orders execution method: at cut-off price
Limit orders execution method: pro rata to amounts
of offset orders
Trading system sector: MEKAM_ST1
Trading system group: MEUKAM_156
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Taking into account the earlier offering, the total amount of the sixth issue of
MEUKAM-156 (KZKD00000964) made up 306,500,000 bonds with the total face
value of KZT306,500,000,000.00.
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'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
[2020-01-13]