/KASE, August 25, 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 August 25,
2020 on the following terms (Almaty time).
OFFERING TERMS:
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Trade date: August 25, 2020
Current maturity: 19.5 years (7,021 days)
Declared placement volume, mln KZT: 65,000.0
Trade subject: "clean" price
Market order acceptance ratio, %: 70
Order submission method: closed
Order collection time: 09:00–11:00
Order confirmation time: 09:00–11:00
Striking time: before 12:30 (Т+0)
Payment date and time: August 25, 2020, 12:30
Method of execution of limit offset orders: in accordance with
item 6 of Article 28 of the Regulations
on the Methods of Conducting Trades
in TCS ASTS+
Method of execution of limit orders: at prices of limit offset orders
equal to the cut-off price or those
more favourable for the seller
Method of execution of market orders: at weighted average price
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Special trading session for additional offering of these bonds was held from
14:45 to 15:15 Almaty time in the KASE trading system on the following terms.
ADDITIONAL OFFERING TERMS:
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Trade date: August 25, 2020
Current maturity: 19.5 years (7,021 days)
Declared additional placement volume, mln KZT: 62,500.0
Trade subject: "clean" price
Market order acceptance ratio, %: 100
Order submission method: closed
Order collection time: 14:45–15:15
Order confirmation time: 14:45–15:15
Striking time: before 15:30 (Т+0)
Payment date and time: August 25, 2020, 15:30
Method of execution of market orders: at weighted average price
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BID PARAMETERS OF THE OFFERING:
--------------------------------------------------------- ----------------------
Number of participants: 1
Number of orders submitted (all / active): 12 / 6
including:
– limit: 12 / 6
– market: 0
Volume of active orders*, mln tenge: 2,585.3
including:
– limit: 2,585.3
– market: 0
Bid to ask, %: 4.6
"Clean" price on orders submitted, % of
face value (on all / on active ones):
– minimum 81.6672
– maximum 82.3635
– weighted average 82.0147
Yield on orders submitted, % APR
(on all / on active ones):
– minimum 10.5200
– maximum 10.6200
– weighted average 10.5699
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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.
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BID PARAMETERS OF ADDITIONAL OFFERING:
---------------------------------------------------------- ---------------------
Number of participants: 1
Number of orders submitted (all / active):: 1 / 1
Nominal volume of active orders*, mln tenge: 62,500.0
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.
OFFERING RESULTS:
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Volume of orders executed, bonds: 65,000,000.00
Volume of orders executed, tenge: 56,059,868,500.00
Number of orders executed: 6
Number of participants, whose orders were executed: 1
"Clean" cut-off price, %: 81.8057
"Clean" price of orders executed, %:
– minimum 81.8057
– maximum 82.3635
– weighted average 82.0842
Yield at cut-off price, % APR: 10.6000
Yield of bonds to maturity for buyer, % APR:
– minimum 10.5200
– maximum 10.6000
– weighted average 10.5600
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According to Central Securities Depository (Almaty), deals on offering the third
issue of MEUKAM-300 (KZKD00000857) by the end of settlement of trade results were
executed.
Taking into account the earlier offering, the total amount of the third issue of
MEUKAM-300 (KZKD00000857) made up 218,450,693 bonds with the total face value of
KZT218,450,693,000.00.
MEKKAM 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
[2020-08-25]