/KASE, July 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:                               5
Number of orders submitted (all / active):            9 / 8
including:
– limit:                                              6 / 5
– market:                                             3
Volume of active orders*, mln tenge:                  7,422.3
including:
– limit:                                              5,076.5
– market:                                             2,345.8
Bid to ask, %:                                        40.2
"Clean" price on orders submitted, % of
face value (on all / on active ones):
– minimum                                             91.4311
– maximum                                             91.5057
– weighted average                                    91.4495 / 91.4447
Yield on orders submitted, % APR
(on all / on active ones):
– minimum                                             10.8000
– maximum                                             10.8500
– weighted average                                    10.8377 / 10.8409
---------------------------------------------------------------------------------
* 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 62.2 %, other institutional investors accounted for 37.8 %.

OFFERING RESULTS:

--------------------------------------------------- ---------------
Volume of orders executed, bonds:                   8,041,500
Volume of orders executed, tenge:                   7,422,323,050.5
Number of orders executed:                          8
Number of participants, whose orders were executed: 5
Volume of orders executed, % of plan:               40.2
"Clean" cut-off price, % of face value:             91.4311
"Clean" price of orders executed, % of face value:
– minimum                                           91.4311
– maximum                                           91.5057
– weighted average                                  91.4447
Yield at cut-off price, % APR:                      10.8500
Yield of bonds to maturity for buyer, % APR:
– minimum                                           10.8000
– maximum                                           10.8500
– weighted average                                  10.8409
-------------------------------------------------------------------

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.

OFFERING TERMS:

------------------------------------------- --------------------------------
Trade date:                                 July 1, 2020
Current maturity:                           1.8 years (664 days)
Declared placement volume, mln KZT:         20,000.0
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:                      July 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 weighted
average price
Trading system sector:                      MEKAM_ST1
Trading system group:                       MEUKAM_144
----------------------------------------------------------------------------

Taking into account the earlier offering, the total amount of the first issue of MEUKAM-144 (KZKD00000261) made up 136,080,045 bonds with the total face value of KZT136,080,045,000.00.

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 see more

The Rules of placement of government treasury bonds of the Republic of Kazakhstan are available at see more

[2020-07-01]