/KASE, February 10, 2020/ – A repeated special trading session for the offering
of government long-term treasury obligations of the Ministry of Finance of
the Republic of Kazakhstan (MEUKAM) was held in the trading system of
Kazakhstan Stock Exchange (KASE) 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: 4
Number of orders submitted (all / active ones): 7 / 5
including:
– limit: 7 / 5
– market: 0
Volume of active orders*, mln tenge: 27,334.6
including:
– limit: 27,334.6
– market: 0
Bid to ask, %: 122.9
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 83.6559
– maximum 89.1655
– weighted average 88.7565 / 88.7245
Yield on orders submitted, % APR (on all / on active ones):
– minimum 9.4500
– maximum 10.2500
– weighted average 9.5067 / 9.5111
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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, second-tier banks accounted for 1.5 %,
other institutional investors – for 98.5 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 30,223,000
Volume of orders executed, tenge: 26,914,271,591.8
Number of orders executed: 4
Number of participants, whose orders were executed: 3
Volume of orders executed, % of plan: 120.9
"Clean" price in orders executed, % of 88.8057
the face value:
Yield of bonds to maturity for buyer, % APR: 9.5000
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According to Central Securities Depository (Almaty), deals on offering of the
fourth issue of MEUKAM-240 (KZKD00000832) were executed, with the entire
amount purchased by institutional investors.
OFFERING TERMS:
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Trade date: February 10, 2020
Current maturity: 15.0 years (5,389 days)
Declared offering volume, mln tenge: 25,000.0
Trade subject: "clean" price
Market order execution rate, %: 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: February 10, 2020,
15:00 (Т+0)
Order execution method: at the cut-off price
Limit orders execution method: 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 fourth issue
of MEUKAM-240 (KZKD00000832) made up 399,876,073 bonds with the total face
value of KZT399,876,073,000.00.
MEUKAM sold by the Ministry of Finance are automatically admitted to circulation
on KASE's 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 redemption
of government treasury bonds of the Republic of Kazakhstan is available on KASE
website at
http://www.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
[2020-02-10]