/KASE, February 24, 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: 5
Number of orders submitted (all / active): 8 / 6
including:
– limit: 8 / 6
– market: 0
Volume of active orders*, mln tenge: 10,452.6
including:
– limit: 10,452.6
– market: 0
Bid to ask, %: 110.2
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 75.1040
– maximum 91.5849
– weighted average 89.9160 / 90.0887
Yield on orders submitted, % APR (on all / on active ones):
– minimum 9.5000
– maximum 12.0000
– weighted average 9.7153 / 9.6911
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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 7.6 %,
other institutional investors – for 92.4 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 10,015,000
Volume of orders executed, tenge: 9,653,481,868.3
Number of orders executed: 5
Number of participants, whose orders were executed: 3
Volume of orders executed, % of plan: 100.2
"Clean" price in orders executed, % of face value: 91.5849
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
first issue of MEUKAM-216 (KZKD00000972) by the end of settlement of
trade results were fully executed, with the entire volume purchased by
institutional investors.
OFFERING TERMS:
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Trade date: February 24, 2020
Current maturity: 16.4 years (5,916 days)
Declared offering volume, mln KZT: 10,000.0
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: before 15:00 (Т+0)
Payment date and time: February 24, 2020, 15:00
Order execution method: at cut-off price
Limit order execution method: pro rata to amounts
of offset orders
Trading system sector: MEKAM_ST1
Trading system group: MEUKAM_216
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Taking into account the earlier offering, the total amount of the first issue of
MEUKAM-216 (KZKD00000972) made up 143,690,249 bonds with the total
face value of KZT143,690,249,000.00.
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's 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
[2020-02-24]