/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:
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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
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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:
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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
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BID PARAMETERS AT OFFERING:
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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
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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 at offering, the share of second-tier
banks (STBs) accounted for 99.8 %, other institutional investors – for 0.2 %.
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BID PARAMETERS AT ADDITIONAL OFFERING:
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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
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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 at additional offering, the share of
second-tier banks (STBs) accounted for 7.5 %, other institutional investors –
for 92.5 %.
OFFERING RESULTS:
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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
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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. 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]