Kazakhstan's Ministry of Finance raised KZT45.6 bn on KASE by placing sixth issue of MEUKAM-156 (KZKD00000964) with YTM of 9.4684 % APR on January 13

13.01.20, 18:17
/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. -------------------------------------------------------------------------------- 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: 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 -------------------------------------------------------------------------------- * 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: --------------------------------------------------- ---------------- 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 -------------------------------------------------------------------- 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: ------------------------------------ ----------------------- 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 ------------------------------------------------------------ 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]