/KASE, February 12, 2020/ – A repeated special trading session for the offering
of government long-term treasury bonds 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: 6
Number of orders submitted (all / active): 8 / 8
including:
– limit: 8 / 8
– market: 0
Volume of active orders*, mln tenge: 12,810.6
including:
– limit: 12,810.6
– market: 0
Bid to ask, %: 249.9
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 95.7905
– maximum 98.2777
– weighted average 97.0062
Yield on orders submitted, % APR (on all / on active ones):
– minimum 9.4500
– maximum 10.0000
– weighted average 9.7282
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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 entire volume of active orders, second-tier banks (STBs) accounted for
55.6 %, brokers and dealers – for 2.4 %, other institutional investors accounted
for 42.0 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 5,000,000
Volume of orders executed, tenge: 5,176,901,666.7
Number of orders executed: 4
Number of participants, whose orders were executed: 4
Volume of orders executed, % of plan: 100.0
"Clean" price in orders executed, % of face value: 98.0022
Yield of bonds to maturity for buyer, % APR: 9.5100
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According to Central Securities Depository (Almaty), deals on offering of the
12th issue of MEUKAM-108 (KZKD00000915) by the end of settlement of
trade results were executed. In terms of amounts raised 6.0 % were purchased
by brokers and dealers, 94 % – by other institutional investors.
OFFERING TERMS:
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Trade date: February 12, 2020
Current maturity: 6.4 years (2,301 days)
Declared offering volume, mln tenge: 5,000.0
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: February 12, 2020
15:00 (Т+0)
Order execution method: at cut-off price
Limit orders execution method: pro rata to amounts
of offset orders
Trading system sector: MEKAM_ST1
Trading system group: MEUKAM_108
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Taking into account the earlier offering, the total amount of the 12th issue of
MEUKAM-108 (KZKD00000915) made up 260,150,000 bonds with the total
face value of KZT260,150,000,000.00.
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
[2020-02-12]