January 15 special trading session for offering of 51st issue of MEOKAM-60 (KZK200000638) of Kazakhstan's Ministry of Finance on KASE declared failed

15.01.20, 18:54
/KASE, January 15, 2020/ – A repeated special trading session for offering of government mid-term treasury bonds of Kazakhstan's Ministry of Finance (MEOKAM) was held in KASE trading system today on the terms below (Almaty time). 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): 5 / 5 including: – limit: 4 – market: 1 Volume of active orders*, mln tenge: 4,112.4 including: – limit: 3,963.8 – market: 148.6 Bid to ask, %: 138.3 "Clean" price on orders submitted, % of face value (on all / on active): – minimum 97.4497 – maximum 99.2213 – weighted average 98.7784 Yield on orders submitted, % APR (on all / on active): – minimum 9.8600 – maximum 10.7000 – weighted average 10.0682 ------------------------------------------------- -------------------------- * 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 23.8 %, other institutional investors – for 76.2 %. Kazakhstan's Ministry of Finance announced this special trading session failed due to the unfavorable price fixed on orders submitted. OFFERING TERMS: ------------------------------------------------- -------------------------- Trade date: January 15, 2020 Term to maturity: 2.5 years (888 days) Declared offering volume, mln tenge: 3,000.0 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 15, 2020 15:00 (Т+0) Execution method: at striking price Limit orders execution way: pro rata to amounts of offset orders Trading system sector: MEKAMST1 Trading system group: MEOKAM_060 ---------------------------------------------------------------------------- [2020-01-16]