Kazakhstan's Ministry of Finance raises KZT10.0 bn on February 10 on KASE by placing MEUKAM-240 of fourth issue (KZKD00000832) with yield to maturity of 9.5000 % APR

10.02.20 18:07
/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. ----------------------------------------------------------------------------- BID PARAMETERS: ----------------------------------------------------- ----------------------- 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 ----------------------------------------------------------------------------- * 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: --------------------------------------------------- ---------------- 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 -------------------------------------------------------------------- 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: ------------------------------------ ----------------------- 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 ------------------------------------------------------------ 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]