Kazakhstan's Ministry of Finance on March 31 raised KZT250 bn on KASE by placing 13th issue of MEUKAM-108 (KZKD00001087) with YTM of 11.00 % APR

31.03.20 16:06
/KASE, March 31, 2020/ – A 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): 5 / 5 including: – limit: 5 / 5 – market: 0 Volume of active orders*, mln tenge: 250,000.0 including: – limit: 250,000.0 – market: 0 Bid to ask, %: 100.0 Coupon rate on submitted orders, % APR 11.0000 -------------------------------------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants. Institutional investors accounted for the entire volume of active orders. OFFERING RESULTS: --------------------------------------------------- ------------------ Volume of orders executed, bonds: 250,000,000 Volume of orders executed, tenge: 250,000,000,000.00 Number of orders executed: 5 Number of participants, whose orders were executed: 2 Volume of orders executed, % of plan: 100.0 Coupon rate, % APR: 11.0000 ---------------------------------------------------------------------- According to Central Securities Depository (Almaty), deals on offering of the 13th issue of MEUKAM-108 (KZKD00001087) by the end of settlement of trade results were fully executed. OFFERING TERMS: ------------------------------------ ------------------- Trade date: March 31, 2020 Declared offering volume, mln tenge: 250,000.0 Trade subject: coupon rate Market order execution ratio, %: 70 Order submission method: closed Order receipt time: 09:00–11:00 Order confirmation time: 09:00–11:30 Striking time: before 15:00 (Т+0) Payment date and time: March 31, 2020 15:00 Order execution method: at cut-off price Limit orders execution way: pro rata to amounts of offset orders Trading system sector: MEKAM_ST1 Trading system group: MEUKAM_108 -------------------------------------------------------- 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 [2020-03-31]