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29.07.2020 18:59 #Trading information

Kazakhstan's Ministry of Finance on July 29 raised KZT76.2 bn on KASE by placing MEUKAM-144 of first issue (KZKD00000261) with weighted average yield to maturity of 10.5254 % APR

/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:

----------------------------------------------------------------------------
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                      
----------------------------------------------------------------------------

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:

-------------------------------------------------------------------------
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               
-------------------------------------------------------------------------
--------------------------------------------------------------------------------
BID PARAMETERS AT OFFERING:                                                     
---------------------------------------------------- ---------------------------
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          
--------------------------------------------------------------------------------
* 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 %.

--------------------------------------------------------------------------------
BID PARAMETERS AT ADDITIONAL OFFERING:                                          
---------------------------------------------------------- ---------------------
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                
--------------------------------------------------------------------------------
* 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:

--------------------------------------------------- ----------------
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         
--------------------------------------------------------------------

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 see more

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

[2020-07-29]