/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.
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BID PARAMETERS:
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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
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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.
The entire volume of active orders originated from second-tier banks (STBs).
OFFERING RESULTS:
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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
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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:
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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
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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]