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22.05.2020 19:05 #Trading information

Kazakhstan's Ministry of Finance raised KZT48.0 bn on KASE by placing the 148th issue of MEKKAM-12 (KZK100000241) with weighted average yield of 10.7781 % APR on May 22

/KASE, May 22, 2020/ – A repeated special trading session for the offering government short-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEKKAM) was held in Kazakhstan Stock Exchange (KASE) trading system today. Below are parameters of the bid and results of the special trading session.

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BID PARAMETERS:                                                                 
---------------------------------------------------- ---------------------------
Number of participants:                              10                         
Number of orders submitted (all / active):           35 / 31                    
including:                                                                      
– limit:                                             34 / 30                    
– market:                                            1                          
Volume of active orders*, mln tenge:                 54,504.9                   
including:                                                                      
– limit:                                             49,080.0                   
– market:                                            5,424.9                    
Bid to ask, %:                                       120.6                      
Price on orders submitted, % of                                                 
face value (on all / on active ones):                                           
– minimum                                            90.1818 / 90.1898          
– maximum                                            90.6632                    
– weighted average                                   90.4054 / 90.4154          
Yield on orders submitted, % APR                                                
(on all / on active ones):                                                      
– minimum                                            10.4997                    
– maximum                                            11.1000 / 11.0900          
– weighted average                                   10.8204 / 10.8078          
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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 entire volume of active orders, the share of second-tier banks (STBs) accounted for 98.0 %, other institutional investors accounted for 1.9 %, individuals accounted for less than 0.1 %.

OFFERING RESULTS:

--------------------------------------------------- ----------------
Volume of orders executed, bonds:                   530,607,410     
Volume of orders executed, tenge:                   47,987,766,462.7
Number of orders executed:                          24              
Number of participants, whose orders were executed: 9               
Volume of orders executed, % of plan:               106.1           
Discounted cut-off price, %:                        90.4057         
Discounted price of orders executed,                                
% of face value:                                                    
– minimum                                           90.4057         
– maximum                                           90.6632         
– weighted average                                  90.4393         
Yield at cut-off price, % APR:                      10.8200         
Yield of bonds to maturity for buyer, % APR:                        
– minimum                                           10.4997         
– maximum                                           10.8200         
– weighted average                                  10.7781         
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According to Central Securities Depository (Almaty), deals on offering the 148th issue of MEKKAM-12 (KZK100000241) by the end of settlement of trade results were fully executed. 84.9 % in terms of the raised volume, were purchased by second- tier banks, 15.1 % – by other institutional investors.

OFFERING TERMS:

------------------------------------ -------------------------------------------
Trade date:                          May 15, 2020                                                                               
Declared placement volume, mln KZT:  50,000.0                                                                                   
Trade subject:                       price                                                                                      
Market order acceptance ratio, %:    70                                                                                         
Order submission method:             closed                                                                                     
Order collection time:               09:00–11:00                                                                                
Order confirmation time:             09:00–11:30                                                                                
Striking time:                       before 12:00 (Т+0)                                                                         
Payment date and time:               May 15, 2020, 12:00                                                                        
Limit offset order execution method: pro rata to amounts                                                                        
                                     of offset orders                                                                           
Limit order execution method:        at prices of limit offset orders equal to 
                                     the cut-off price or those more favorable 
                                     for the seller                                                                                     
Market order execution method:       at weighted average price                                                                  
Trading system sector:               MEKAM_ST1                                                                                  
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MEKKAM sold by the Ministry of Finance are automatically admitted to circulation on KASE secondary market under the trading code indicated in the table.

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 see more

The Rules of placement of government treasury bonds of the Republic of Kazakhstan are available at see more

[2020-05-22]