/KASE, August 27, 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 27,
2020 on the following terms (Almaty time).
OFFERING TERMS:
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Trade date: August 27, 2020
Current maturity: 11.6 years (4,189 days)
Declared placement volume, mln KZT: 40,000.0
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: until 12:30 (Т+0)
Payment date and time: August 27, 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 favorable 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
14:30 to 15:15 Almaty time in the KASE trading system on the following terms.
ADDITIONAL OFFERING TERMS:
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Trade date: August 27, 2020
Current maturity: 11.6 years (4,189 days)
Declared additional placement volume, mln KZT: 20,000.0
Trade subject: "clean" price
Market order acceptance ratio, %: 0
Order submission method: closed
Order collection time: 14:30–15:15
Order confirmation time: 14:30–15:15
Striking time: before 15:30 (Т+0)
Payment date and time: August 27, 2020, 15:30
Method of execution of market orders: at prices of limit offset orders
equal to the cut-off price or those
more favorable for the seller but
not worse than the cut-off price
indicated in the order
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BID PARAMETERS OF THE OFFERING:
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Number of participants: 3
Number of orders submitted (all / active): 10 / 10
including:
– limit: 7 / 7
– market: 3 / 3
Volume of active orders*, mln tenge: 7,249.4
including:
– limit: 6,367.0
– market: 882.5
Bid to ask, %: 20.3
"Clean" price on orders submitted, % of
face value (on all / on active ones):
– minimum 86.1343
– maximum 87.0831
– weighted average 86.3350
Yield on orders submitted, % APR
(on all / on active ones):
– minimum 10.4000
– maximum 10.5600
– weighted average 10.5259
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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.
Entire volume of active orders came from institutional investors.
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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: 20,000.0
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, the share of broker-dealers accounted for
1.8 %, other institutional investors accounted for 93.9 %, other legal entities
accounted for 4.3 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 24,222,763
Volume of orders executed, tenge: 21,701,552,670.67
Number of orders executed: 9
Number of participants, whose orders were executed: 3
"Clean" cut-off price, %: 86.3111
"Clean" price of orders executed, %:
– minimum 86.3111
– maximum 87.0831
– weighted average 86.5167
Yield at cut-off price, % APR: 10.5300
Yield of bonds to maturity for buyer, % APR:
– minimum 10.4000
– maximum 10.5300
– weighted average 10.4994
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According to Central Securities Depository (Almaty), deals on offering the third
issue of MEUKAM-168 (KZKD00000949) by the end of settlement of trade results were
executed. 2.1 % in terms of the raised volume were purchased by broker-dealers,
92.4 % – by other institutional investors and 5,5 % – by other legal entities.
Taking into account the earlier offering, the total amount of the third issue of
MEUKAM-168 (KZKD00000949) made up 320,793,321 bonds with the total face value of
KZT320,793,321,000.00.
MEKAM 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
[2020-08-27]