/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:
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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:
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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:
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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
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]