/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.
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BID PARAMETERS:
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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
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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 94.9 %, broker-dealers accounted for 0.4 %, other institutional
investors accounted for less than 4.7 %.
OFFERING RESULTS:
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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
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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. 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:
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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
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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]