/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: 9.5 years (3,424 days)
Declared placement volume, mln KZT: 10,000.0
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: 9.5 years (3,424 days)
Declared additional placement volume, mln KZT: 75,000.0
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: 1
Number of orders submitted (all / active): 9 / 9
including:
– limit: 9 / 9
– market: 0
Volume of active orders*, mln tenge: 3,919.0
including:
– limit: 3,919.0
– market: 0
Bid to ask, %: 45.0
"Clean" price on orders submitted, % of
face value (on all / on active ones):
– minimum 82.9224
– maximum 83.7488
– weighted average 83.3348
Yield on orders submitted, % APR
(on all / on active ones):
– minimum 10.4400
– maximum 10.6000
– weighted average 10.5199
--------------------------------------------------------------------------------
* 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: 1
Number of orders submitted (all / active):: 1 / 1
Nominal volume of active orders*, mln tenge: 5,500.0
Bid to ask, %: 7.3
--------------------------------------------------------------------------------
* 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: 10,000,000
Volume of orders executed, tenge: 8,708,946,166.6
Number of orders executed: 10
Number of participants, whose orders were executed: 1
"Clean" cut-off price, %: 82.9224
"Clean" price of orders executed, %:
– minimum 82.9224
– maximum 83.7488
– weighted average 83.3348
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 12th
issue of MEUKAM-180 (KZKD00000840) by the end of settlement of trade results were
executed.
Taking into account the earlier offering, the total amount of the 12th issue of
MEUKAM-180 (KZKD00000840) made up 548,694,867 bonds with the total face value of
KZT548,694,867,000.00.
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]