/KASE, May 27, 2020/ – A repeated special trading session for the offering
government long-term treasury bonds of the Ministry of Finance of the Republic of
Kazakhstan (MEUKAM) 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: 4
Number of orders submitted (all / active): 10 / 10
including:
– limit: 8 / 8
– market: 2
Volume of active orders*, mln tenge: 22,773.9
including:
– limit: 18,219.1
– market: 4,554.8
Bid to ask, %: 83.3
"Clean" price on orders submitted, % of
face value (on all / on active ones):
– minimum 90.5159
– maximum 91.0804
– weighted average 90.7596
Yield on orders submitted, % APR
(on all / on active ones):
– minimum 10.8350
– maximum 11.2000
– weighted average 11.0419
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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 96.0 %, other institutional investors accounted for 4.0 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 18,000,000
Volume of orders executed, tenge: 16,416,582,500.0
Number of orders executed: 8
Number of participants, whose orders were executed: 4
Volume of orders executed, % of plan: 60.0
"Clean" cut-off price, % of face value: 90.8245
"Clean" price of orders executed, % of face value:
– minimum 90.8245
– maximum 91.0804
– weighted average 90.8671
Yield at cut-off price, % APR: 11.0000
Yield of bonds to maturity for buyer, % APR:
– minimum 10.8350
– maximum 11.0000
– weighted average 10.9725
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According to Central Securities Depository (Almaty), deals on offering the first
issue of MEUKAM-144 (KZKD00000261) by the end of settlement of trade results were
fully executed. 94.4 % in terms of the raised volume were purchased by second-tier
banks, 5.6 % – by other institutional investors.
OFFERING TERMS:
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Trade date: May 27, 2020
Current maturity: 1.9 years (698 days)
Declared placement volume, mln KZT: 30,000.0
Trade subject: "clean" 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: until 12:00 (Т+0)
Payment date and time: May 27, 2020, 12:00
Method of execution of limit offset orders: pro rata to amounts
of offset orders
Method of execution of limit orders: at prices of limit offset orders
equal to the cut-off price or
those more favorable for
the seller
Method of execution of market orders: at the weighted
average price
Trading system sector: MEKAM_ST1
Trading system group: MEUKAM_144
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Taking into account the earlier offering, the total amount of the first issue of
MEUKAM-144 (KZKD00000261) made up 28,813,000 bonds with the total face value of
KZT28,813,000,000.00.
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
[2020-05-28]