Kazakhstan's Ministry of Finance on July 8 raised KZT18.8 bn on KASE by placing 148th issue of MEKKAM-12 (KZK100000241) with weighted average yield to maturity of 10.7850 % APR

08.07.20, 19:20
/KASE, July 8, 2020/ – A repeated special trading session for the offering of government short-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEKKAM) was held in the trading system of Kazakhstan Stock Exchange (KASE) today. Below are parameters of the bid and results of the special trading session. -------------------------------------------------------------------------------- BID PARAMETERS: ---------------------------------------------------- --------------------------- Number of participants: 4 Number of orders submitted (all / active): 8 / 7 including: – limit: 7 / 6 – market: 1 Volume of active orders*, mln tenge: 21,516.4 including: – limit: 16,938.4 – market: 4,578.0 Bid to ask, %: 235.0 Price on orders submitted, % of face value (on all / on active ones): – minimum 91.4306 – maximum 91.5983 – weighted average 91.5631 / 91.5591 Yield on orders submitted, % APR (on all / on active ones): – minimum 10.7650 – maximum 11.0000 – weighted average 10.8143 / 10.8198 -------------------------------------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants. The entire volume of active orders originated from second-tier banks (STBs). OFFERING RESULTS: --------------------------------------------------- ---------------- Volume of orders executed, bonds: 205,000,000 Volume of orders executed, tenge: 18,774,717,500.0 Number of orders executed: 6 Number of participants, whose orders were executed: 3 Volume of orders executed, % of plan: 205.0 Discounted cut-off price, % of face value: 91.5733 Discounted price of orders executed, % of face value: – minimum 91.5733 – maximum 91.5983 – weighted average 91.5840 Yield at cut-off price, % APR: 10.7999 Yield of bonds to maturity for buyer, % APR: – minimum 10.7650 – maximum 10.7999 – weighted average 10.7850 -------------------------------------------------------------------- According to Central Securities Depository (Almaty), deals on offering of the 148th issue of MEKKAM-12 (KZK100000241) by the end of settlement of trade results were executed. OFFERING TERMS: ------------------------------------ --------------------------- Trade date: July 8, 2020 Current maturity: 307 days Declared offering volume, mln tenge: 10,000.0 Trade subject: "clean" price Market order execution rate, %: 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: July 8, 2020, 15:00 Offset limit 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 2,976,493,410 bonds with the total face value of KZT297,649,341,000.00. 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 [2020-07-08]