Kazakhstan's Ministry of Finance raised KZT63.2 bn on KASE by selling the second issue of MEUKAM-240 (KZKD00000741) with YTM of 9.4800 % APR on January 20

20.01.20, 18:37
/KASE, January 20, 2020/ – A repeated special trading session for the 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): 6 / 6 including: – limit: 6 / 6 – market: 0 Volume of active orders*, mln tenge: 63,199.5 including: – limit: 63,199.5 – market: 0 Bid to ask, %: 102.7 "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 89.1168 – maximum 89.8986 – weighted average 89.1372 Yield on orders submitted, % APR (on all / on active ones): – minimum 9.3700 – maximum 9.4800 – weighted average 9.4771 -------------------------------------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants. Whole volume of active orders came from institutional investors. OFFERING RESULTS: --------------------------------------------------- ---------------- Volume of orders executed, bonds: 66,738,985 Volume of orders executed, tenge: 63,185,890,423.9 Number of orders executed: 6 Number of participants, whose orders were executed: 3 Volume of orders executed, % of plan: 102.7 "Clean" price in orders executed, % of face value: 89.1168 Yield of bonds to maturity for buyer, % APR: 9.4800 -------------------------------------------------------------------- According to Central Securities Depository (Almaty), deals on offering the second issue of MEUKAM-240 (KZKD00000741) by the end of settlement of trade results were fully executed. OFFERING TERMS: ----------------------------------- ----------------------------- Trade date: January 20, 2020 Current maturity: 14.3 years (5,152 days) Declared placement volume, mln KZT: 65,000.0 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: January 20, 2020, 15:00 (Т+0) Order execution method: at cut-off price Limit order execution way: pro rata to amounts of offset orders Trading system sector: MEKAM_ST1 Trading system group: MEUKAM_240 ----------------------------------------------------------------- Taking into account the earlier offering, the total amount of the second issue (KZKD00000741) of MEUKAM-240 made up 435,988,985 bonds with the total face value of KZT435,988,985,000.00. 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 [2020-01-20]