/KASE, September 29, 2020/ – Kazakhstan Stock Exchange (KASE) announces
that two special trading sessions (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
September 29, 2020 on the terms below (Almaty).
OFFERING TERMS:
-------------------------------------------------------------------------------------------
Trade date: September 29, 2020
Current maturity: 11.5 years (4,157 days)
Declared offering volume, mln tenge: 40,000.0
Trade subject: "clean" price
Market order execution ratio, %: 70
Order submission method: closed
Order collection time: 09:00–11:00
Order confirmation time: 09:00–11:30
Striking time: before 15:00 (Т+0)
Payment date and time: September 29, 2020, 15:00
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
-------------------------------------------------------------------------------------------
From 15:30 to 16:00 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: September 29, 2020
Current maturity: 11.5 years (4,157 days)
Declared offering volume, mln tenge: 33,000.0
Trade subject: "clean" price
Market order execution ratio, %: 0
Order submission method: closed
Order receipt time: 15:30–16:00
Order confirmation time: 15:30–16:00
Striking time: before 16:30 (Т+0)
Payment date and time: September 29, 2020, 16:30
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
----------------------------------------------------------------
--------------------------------------------------------------------------------
BID PARAMETERS AT OFFERING:
--------------------------------------------------------- ----------------------
Number of participants: 3
Number of orders submitted (all / active): 10 / 10
including:
– limit: 8 / 8
– market: 2 / 2
Volume of active orders*, mln tenge: 11,355.0
including:
– limit: 7,505.0
– market: 3,850.0
Bid to ask, %: 31.5
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 85.9487
– maximum 86.5357
– weighted average 86.3133
Yield on orders submitted, % APR (on all / on active ones):
– minimum 10.5000
– maximum 10.6000
– weighted average 10.5378
--------------------------------------------------------------------------------
* active orders – orders not annulled by trade participants at expiry of order
submission period including those confirmed by Confirmation System participants.
In the total volume of active orders at the offering, brokers and dealers
accounted for 48.0 %, other institutional investors – for 52.0 %.
--------------------------------------------------------------------------------
BID PARAMETERS AT ADDITIONAL OFFERING:
---------------------------------------------------------- ---------------------
Number of participants: 3
Number of orders submitted (all / active): 4 / 4
Nominal volume of active orders*, mln tenge: 33,500.0
Bid to ask, %: 101.5
--------------------------------------------------------------------------------
* active orders – orders not annulled by trade participants at expiry of order
submission period including those confirmed by Confirmation System participants.
In the total volume of active orders at the additional offering, brokers and
dealers accounted for 1.5 %, other institutional investors – for 98.5 %.
OFFERING RESULTS:
--------------------------------------------------- ----------------
Volume of orders executed, bonds: 40,586,651
Volume of orders executed, tenge: 36,674,776,542.6
Number of orders executed: 8
Number of participants, whose orders were executed: 4
"Clean" price in orders executed, %: 86.5357
Yield of bonds to maturity for buyer, % APR: 10.5000
--------------------------------------------------------------------
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. In terms of amounts raised, 14.9 % were purchased by
brokers and dealers, 85.1 % – by other institutional investors.
Taking into account the earlier offering, the total amount of the second issue
of MEUKAM-168 (KZKD00000949) made up 361,379,972 bonds with the total face
value of KZT361,379,972,000.00.
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
[2020-09-29]