Kazakhstan's Ministry of Finance raised KZT5.2 bn on KASE by selling 12th issue of MEUKAM-108 (KZKD00000915) with YTM of 9.5100 % APR on February 12

12.02.20 18:40
/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. -------------------------------------------------------------------------------- BID PARAMETERS: --------------------------------------------------------- ---------------------- 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 -------------------------------------------------------------------------------- * 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: --------------------------------------------------- --------------- 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 ------------------------------------------------------------------- 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: ------------------------------------ ---------------------- 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 ----------------------------------------------------------- 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]