/KASE, July 29, 2020/ – Kazakhstan Stock Exchange (KASE) announces that two
special trading session for the offering and additional offering of government
long-term treasury bonds of the Ministry of Finance of the Republic of
Kazakhstan (MEUKAM) were held in KASE's trading system on July 29, 2020 on
the terms below (Almaty).
OFFERING TERMS:
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Trade date: July 29, 2020
Term to maturity: 1.8 years (636 days)
Declared offering volume, mln tenge: 75,000.00
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 29, 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_144
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From 13:00 to 13:30 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: July 29, 2020
Term to maturity: 1.8 years (636 days)
Declared additional offering volume, mln tenge: 75,000.00
Trade subject: "clean" price
Market order execution ratio, %: 100
Order submission method: closed
Order acceptance time: 13:00–13:30
Order confirmation time: 13:00–13:45
Striking time: before 14:00 (Т+0)
Payment date and time: July 29, 2020, 14:00
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: 4
Number of orders submitted (all / active): 5 / 4
including:
– limit: 5 / 4
– market: 0
Volume of active orders*, mln tenge: 9,840.9
including:
– limit: 9,840.9
– market: 0
Bid to ask, %: 14.0
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 92.1060
– maximum 92.3900
– weighted average 92.1622 / 92.1729
Yield on orders submitted, % APR (on all / on active ones):
– minimum 10.4040
– maximum 10.6000
– weighted average 10.5611 / 10.5537
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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 85.4 %, other institutional investors – for 4.8 %,
other legal entities – for 9.8 %.
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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: 75,000.0
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 2.7 %, other institutional investors –
for 97.3 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 81,530,000
Volume of orders executed, tenge: 76,228,295,166.7
Number of orders executed: 5
Number of participants, whose orders were executed: 5
Volume of orders executed, % of plan: 54.4
"Clean" cut-off price, %: 92.1783
"Clean" price in orders executed, % of face value:
– minimum 92.1783
– maximum 92.3900
– weighted average 92.2139
Yield at cut-off price, % APR: 10.5500
Yield of bonds to maturity for buyer, % APR:
– minimum 10.4040
– maximum 10.5500
– weighted average 10.5254
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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 executed. 8.6 % in terms of raised volume were purchased by second-tier
banks, 90.2 % – by other institutional investors, 1.3 % – by other legal
entities.
Taking into account the earlier offering, the total amount of the first issue of
MEUKAM-144 (KZKD00000261) made up 338,610,045 bonds with the total face
value of KZT338,610,045,000.00.
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
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
[2020-07-29]