Kazakhstan's Ministry of Finance raised KZT108.6 bn on KASE by placing the 14th issue of MEUKAM-180 (KZKD00000956) with weighted average yield of 10.5199 % APR on July 30

30.07.20 12:55
/KASE, July 30, 2020/ – Kazakhstan Stock Exchange (KASE) announces that two special trading sessions (for offering and additional offering) of long-term government treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEUKAM) was held in Kazakhstan Stock Exchange (KASE) trading system on July 30, 2020 on the following terms (Almaty time). OFFERING TERMS: ------------------------------------------- -------------------------------- Trade date: July 30, 2020 Current maturity: 12.7 years (4,583 days) Declared placement volume, mln KZT: 45,000.0 Trade subject: "clean" price Market order acceptance ratio, %: 70 Order submission method: closed Order collection time: 09:00–11:00 Order confirmation time: 09:00–11:30 Striking time: until 12:30 (Т+0) Payment date and time: July 30, 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 weighted average price Trading system sector: MEKAM_ST1 Trading system group: MEUKAM_180 ---------------------------------------------------------------------------- Special trading session for additional offering of these bonds was held from 14:40 to 15:00 Almaty time in the KASE trading system on the following terms. ADDITIONAL OFFERING TERMS: ---------------------------------------------- ------------------------- Trade date: July 30, 2020 Current maturity: 12.7 years (4,583 days) Declared additional placement volume, mln KZT: 120,000.0 Trade subject: "clean" price Market order acceptance ratio, %: 100 Order submission method: closed Order collection time: 14:40–15:00 Order confirmation time: 14:40–15:15 Striking time: before 15:30 (Т+0) Payment date and time: July 30, 2020, 15:30 Method of execution of market orders: at weighted average price Trading system sector: MEKAM_ST1 Trading system group: MEUKAM_180 ------------------------------------------------------------------------ -------------------------------------------------------------------------------- BID PARAMETERS OF THE OFFERING: --------------------------------------------------------- ---------------------- Number of participants: 2 Number of orders submitted (all / active): 10 / 10 including: – limit: 10 / 10 – market: 0 Volume of active orders*, mln tenge: 4,401.8 including: – limit: 4,401.8 – market: 0 Bid to ask, %: 11.0 "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 85.2050 – maximum 86.3097 – weighted average 85.7558 Yield on orders submitted, % APR (on all / on active ones): – minimum 10.4400 – maximum 10.6200 – weighted average 10.5298 -------------------------------------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants. Entire volume of active orders came from institutional investors. -------------------------------------------------------------------------------- BID PARAMETERS OF ADDITIONAL OFFERING: --------------------------------------------------------- ---------------------- Number of participants: 2 Number of orders submitted (all / active):: 3 / 3 Nominal volume of active orders*, mln tenge: 118,723.0 Bid to ask, %: 98.9 -------------------------------------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants. OFFERING RESULTS: --------------------------------------------------- ------------------ Volume of orders executed, bonds: 123,223,000 Volume of orders executed, tenge: 108,555,150,695.00 Number of orders executed: 12 Number of participants, whose orders were executed: 2 "Clean" cut-off price, %: 85.3267 "Clean" price of orders executed, %: – minimum 85.3267 – maximum 86.3097 – weighted average 85.8170 Yield at cut-off price, % APR: 10.6000 Yield of bonds to maturity for buyer, % APR: – minimum 10.4400 – maximum 10.6000 – weighted average 10.5199 ---------------------------------------------------------------------- According to Central Securities Depository (Almaty), deals on offering the 14th issue of MEUKAM-180 (KZKD00000956) by the end of settlement of trade results were executed. Taking into account the earlier offering, the total amount of the 14th issue of MEUKAM-180 (KZKD00000956) made up 360,445,000 bonds with the total face value of KZT360,445,000,000.00. 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 [2020-07-30]