Kazakhstan's Ministry of Finance raised KZT47.6 bn on KASE by placing the 148th issue of MEKKAM-12 (KZK100000241) with weighted average yield of 10.7189 % APR on June 3

03.06.20 20:18
/KASE, June 4, 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: 11 Number of orders submitted (all / active): 34 / 33 including: – limit: 32 / 31 – market: 2 Volume of active orders*, mln tenge: 70,723.2 including: – limit: 62,358.9 – market: 8,364.3 Bid to ask, %: 779.6 Price on orders submitted, % of face value (on all / on active ones): – minimum 90.5572 – maximum 90.9711 – weighted average 90.7221 / 90.7189 Yield on orders submitted, % APR (on all / on active ones): – minimum 10.4700 – maximum 11.0000 – weighted average 10.7883 / 10.7924 -------------------------------------------------------------------------------- * 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 94.9 %, broker-dealers accounted for 0.4 %, other institutional investors accounted for less than 4.7 %. OFFERING RESULTS: --------------------------------------------------- ---------------- Volume of orders executed, bonds: 524,586,000 Volume of orders executed, tenge: 47,619,973,774.6 Number of orders executed: 23 Number of participants, whose orders were executed: 9 Volume of orders executed, % of plan: 524.6 Discounted cut-off price, %: 90.7130 Discounted price of orders executed, % of face value: – minimum 90.7130 – maximum 90.9711 – weighted average 90.7763 Yield at cut-off price, % APR: 10.8000 Yield of bonds to maturity for buyer, % APR: – minimum 10.4700 – maximum 10.8000 – weighted average 10.7189 -------------------------------------------------------------------- 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. 92.4 % in terms of the raised volume, were purchased by second- tier banks, 0.6 % – by broker-dealer organizations, 6.9 % – by other institutional investors. OFFERING TERMS: ------------------------------------ ------------------------------------------- Trade date: June 3, 2020 Current maturity: 342 days Declared placement volume, mln KZT: 10,000.0 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: before 15:00 (Т+0) Payment date and time: June 3, 2020, 15:00 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 Trading system group: MEKKAM_012 -------------------------------------------------------------------------------- Taking into account the earlier offering, the total amount of the 148th issue of MEKKAM-12 (KZK100000241) made up 1,697,966,410 bonds with the total face value of KZT169,796,641,000.00. 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 [2020-06-04]