Kazakhstan's Ministry of Finance raised KZT72.8 bn on KASE by placing first issue of MEUKAM-144 (KZKD00000261) with weighted average yield to maturity of 10.8330 % APR on June 26

26.06.20 20:12
/KASE, June 26, 2020/ – Kazakhstan Stock Exchange announces that two special trading sessions (for the offering and additional offering) of government long- term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEUKAM) was held in (KASE) trading system on June 26, 2020. Below are parameters of the bid and results of the special trading session. OFFERING TERMS: ---------------------------------------------------------------------------- Trade date: June 26, 2020 Term to maturity: 1.9 years (669 days) Declared offering volume, mln tenge: 40,000.00 Trade subject: "clean" price Market order acceptance ratio, %: 70 Order submission method: closed Order receipt time: 09:00–11:00 Order confirmation time: 09:00–11:30 Striking time: before 15:00 (Т+0) Payment date and time: June 26, 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_144 ---------------------------------------------------------------------------- From 14:00 to 14:30 o'clock, Almaty time, a special trading session for additional offering of said bonds was held in KASE's trading system on the terms below. ADDITONAL OFFERING TERMS: --------------------------------------------------------------- Trade date: June 26, 2020 Term to maturity: 1.9 years (669 days) Declared offering volume, mln tenge: 40,000.00 Trade subject: "clean" price Market order execution ratio, %: 100 Order submission method: closed Order receipt time: 14:00–14:30 Order confirmation time: 14:00–14:45 Striking time: before 15:30 (Т+0) Payment date and time: June 26, 2020, 15:30 Method of execution of market orders: at weighted average price Trading system sector: MEKAM_ST1 Trading system group: MEUKAM_144 --------------------------------------------------------------- -------------------------------------------------------------------------------- BID PARAMETERS AT OFFERING: ---------------------------------------------------- --------------------------- Number of participants: 6 Number of orders submitted (all / active): 15 / 14 including: – limit: 13 / 12 – market: 2 Volume of active orders*, mln tenge: 45,102.1 including: – limit: 35,793.1 – market: 9,309.0 Bid to ask, %: 122.4 Price on orders submitted, % of face value (on all / on active ones): – minimum 90.7047 – maximum 91.5257 – weighted average 91.2790 / 91.3119 Yield on orders submitted, % APR (on all / on active ones): – minimum 10.7500 – maximum 11.3000 – weighted average 10.9145 / 10.8925 -------------------------------------------------------------------------------- * 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 at offering, the share of second-tier banks (STBs) accounted for 99.8 %, other institutional investors – for 0.2 %. -------------------------------------------------------------------------------- BID PARAMETERS AT ADDITIONAL OFFERING: ---------------------------------------------------------- --------------------- Number of participants: 2 Number of orders submitted (all / active): 2 / 2 Nominal volume of active orders*, mln tenge: 40,000.0 Bid to ask, %: 100.0 -------------------------------------------------------------------------------- * 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 at additional offering, the share of second-tier banks (STBs) accounted for 7.5 %, other institutional investors – for 92.5 %. OFFERING RESULTS: --------------------------------------------------- ---------------- Volume of orders executed, bonds: 78,975,545 Volume of orders executed, tenge: 72,799,857,612.6 Number of orders executed: 13 Number of participants, whose orders were executed: 6 Volume of orders executed, % of plan: 98.7 Discounted cut-off price, %: 91.3756 Discounted price in orders executed, % of face value: – minimum 91.3756 – maximum 91.5257 – weighted average 91.4011 Yield at cut-off price, % APR: 10.8500 Yield of bonds to maturity for buyer, % APR: – minimum 10.7500 – maximum 10.8500 – weighted average 10.8330 -------------------------------------------------------------------- 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. 53.0 % in terms of raised volume were purchased by second- tier banks, 47.0 % – by other institutional investors. Taking into account the earlier offering, the total amount of the first issue of MEUKAM-144 (KZKD00000261) made up 128,038,545 bonds with the total face value of KZT128,038,545,000,00. 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 [2020-06-26]