Special trading session for offering of MEUKAM-120 of 18th issue (KZKD00000907) of Ministry of Finance on March 11 on KASE declared failed

/KASE, March 11, 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: 2 Number of orders submitted (all / active): 2 / 2 including: – limit: 2 – market: 0 Volume of active orders*, mln tenge: 2,413.9 including: – limit: 2,413.9 – market: 0 Bid to ask, %: 50.0 "Clean" price on orders submitted, % of 74.2617 face value (on all / on active ones): Yield on orders submitted, % APR 15.0000 (on all / on active ones): -------------------------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including System participants those confirmed by Confirmation. The entire amount of active orders originated from second-tier banks. The Ministry of Finance of the Republic of Kazakhstan declared this special trading session failed due to the unfavorable price on orders submitted. OFFERING TERMS: ------------------------------------ ---------------------- Trade date: March 11, 2020 Current maturity: 7.3 years (2,632 days) Declared offering volume, mln tenge: 6,000 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: March 11, 2020, 15:00 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_120 ----------------------------------------------------------- [2020-03-11]