Kazakhstan's Ministry of Finance on July 15 raised KZT25.4 bn on KASE by placing fifth issue MEUKAM-132 (KZKD00000568) with weighted average yield to maturity of 10.7958 % APR

15.07.20, 19:00
/KASE, July 15, 2020/ – A repeated special trading session for the offering of government long-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEUKAM) 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: 8 Number of orders submitted (all / active): 25 / 25 including: – limit: 19 – market: 6 Volume of active orders*, mln tenge: 37,588.1 including: – limit: 35,553.3 – market: 2,034.7 Bid to ask, %: 862.7 "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 85.5837 – maximum 86.6339 – weighted average 86.3072 Yield on orders submitted, % APR (on all / on active ones): – minimum 10.7000 – maximum 11.2000 – weighted average 10.8546 -------------------------------------------------------------------------------- * 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 second-tier banks (STBs) accounted for 88.1 %, other institutional investors – for 11.2 %, other legal entities – for 0.7 %. OFFERING RESULTS: ---------------------------------------------------- ---------------- Volume of orders executed, bonds: 29,135,000 Volume of orders executed, tenge: 25,424,585,556.7 Number of orders executed: 20 Number of participants, whose orders were executed: 6 Volume of orders executed, % of plan: 582.7 "Clean" price at the cut-off price, % of face value: 86.3170 "Clean" price in orders executed, % of face value: – minimum 86.3170 – maximum 86.6339 – weighted average 86.4314 Yield at the cut-off price, % APR: 10.8500 Yield of bonds to maturity for buyer, % APR: – minimum 10.7000 – maximum 10.8500 – weighted average 10.7958 --------------------------------------------------------------------- According to Central Securities Depository (Almaty), deals on offering the fifth issue of MEUKAM-132 (KZKD00000568) by the end of settlement of trade results were fully executed. 82.3 % in terms of the raised volume were purchased by second-tier banks, 16.6 % – by other institutional investors, 1.0 % – by other legal entities. OFFERING TERMS: ------------------------------------------- -------------------------------- Trade date: July 15, 2020 Term to maturity: 2.8 years (1,020 days) Declared offering volume, mln tenge: 5,000.00 Trade subject: "clean" price Market order execution ratio, %: 70 Order submission method: closed Order receipt time: 09:00–11:00 Order confirmation time: 09:00–11:30 Striking time: before 12:30 (Т+0) Payment date and time: July 15, 2020, 12:30 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_132 ---------------------------------------------------------------------------- Taking into account the earlier offering, the total amount of the fifth issue of MEUKAM-132 (KZKD00000568) made up 235,552,112 bonds with the total face value of KZT235,552,112,000.00. 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 [2020-07-15]