Kazakhstan's Ministry of Finance raised KZT3.1 bn on KASE by placing the 18th issue of MEUKAM-120 (KZKD00000907) with weighted average yield to maturity of 10.7620 % APR on June 1

01.06.20, 19:14
/KASE, June 1, 2020/ – A repeated special trading session for 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. -------------------------------------------------------------------------------- BID PARAMETERS: --------------------------------------------------------- ---------------------- Number of participants: 4 Number of orders submitted (all / active): 17 / 17 including: – limit: 12 / 12 – market: 5 Volume of active orders*, mln tenge: 5.085.4 including: – limit: 4,270.2 – market: 815.2 Bid to ask, %: 170.9 "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 90.2342 – maximum 93.1775 – weighted average 90.9758 Yield on orders submitted, % APR (on all / on active ones): – minimum 10.4000 – maximum 11.0500 – weighted average 10.8836 -------------------------------------------------------------------------------- * 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 58.2 %, broker-dearlers – 20.0 %, other institutional investors accounted for 21.8 %. OFFERING RESULTS: --------------------------------------------------- --------------- Volume of orders executed, bonds: 3,127,668 Volume of orders executed, tenge: 3,118,996,044.4 Number of orders executed: 15 Number of participants, whose orders were executed: 4 Volume of orders executed, % of plan: 104.3 "Clean" cut-off price, % of face value: 90.6788 "Clean" price of orders executed, % of face value: – minimum 90.6788 – maximum 93.1775 – weighted average 91.5227 Yield at cut-off price, % APR: 10.9500 Yield of bonds to maturity for buyer, % APR: – minimum 10.4000 – maximum 10.9500 – weighted average 10.7620 ------------------------------------------------------------------- According to Central Securities Depository (Almaty), deals on offering the 18th issue of MEUKAM-120 (KZKD00000907) by the end of settlement of trade results were fully executed. 31.8 % in terms of the raised volume were purchased by second-tier banks, 32.7 % – by broker-dealers, 35.5 % – by other institutional investors. OFFERING TERMS: ------------------------------------------- -------------------------------- Trade date: June 1, 2020 Current maturity: 7.1 years (2,552 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 15:00 (Т+0) Payment date and time: June 1, 2020, 15:00 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_120 ---------------------------------------------------------------------------- Taking into account the earlier offering, the total amount of the 18th issue of MEUKAM-120 (KZKD00000907) made up 265,321,680 bonds with the total face value of KZT265,321,680,000.00. 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 2020-06-02]