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

22.05.20, 19:05
/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. -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- * 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 -------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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 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 [2020-05-22]