/KASE, April 8, 2020/ – A repeated special trading session for the offering of
government medium-term treasury bonds of the Ministry of Finance of the
Republic of Kazakhstan (MEOKAM) 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: 3
Number of orders submitted (all / active): 3 / 3
including:
– limit: 3 / 3
– market: 0
Volume of active orders*, mln tenge: 13 792,5
including:
– limit: 13 792,5
– market: 0
Bid to ask, %: 233,3
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 95.1862
– maximum 97.0646
– weighted average 96.0111
Yield on orders submitted, % APR (on all / on active ones):
– minimum 11.0000
– maximum 12.0000
– weighted average 11.5562
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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 volume of active orders, second-tier banks (STB) accounted
for 56.7 %, other institutional investors – for 43.3 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 6,000,000
Volume of orders executed, tenge: 5,974,292,666.7
Number of orders executed: 1
Number of participants, whose orders were executed: 1
Volume of orders executed, % of plan: 100.0
"Clean" price in orders executed, % of face value: 97.0646
Yield of bonds to maturity for buyer, % APR: 11.0000
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According to Central Securities Depository (Almaty), deals on offering of the
51st issue of MEOKAM-60 (KZK200000638) by the end of settlement of trade
results were executed. The entire volume was purchased by institutional
investors.
OFFERING TERMS:
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Trade date: April 8, 2020
Current maturity: 2.2 years (805 days)
Declared offering volume, mln tenge: 6,000.0
Trade subject: "clean" price
Market order execution rate, %: 70
Order submission method: closed
Order collection time: 09:00–11:00
Order confirmation time: 09:00–11:30
Striking time: before 15:00 (Т+0)
Payment date and time: April 8, 2020,
15:00
Order execution method: at the cut-off price
Limit orders execution method: pro rata to amounts
of offset orders
Trading system sector: MEKAM_ST1
Trading system group: MEOKAM_060
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Taking into account the earlier offering, the total amount of the 51st issue of
MEOKAM-60 (KZK200000638) made up 284,847,000 bonds with the total face
value of KZT284,847,000,000.00.
MEOKAM 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
[2020-04-08]