/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.
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BID PARAMETERS:
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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
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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.
Whole volume of active orders came from institutional investors.
OFFERING RESULTS:
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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
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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:
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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
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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]