Kazakhstan's Ministry of Finance on September 29 raised KZT33.6 bn on KASE by placing MEUKAM-300 of second issue (KZKD00000774) with yield to maturity of 10.52 % APR
/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:
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Trade date: September 29, 2020
Current maturity: 18.8 years (6,776 days)
Declared offering volume, KZT mln: 40,000.0
Trade subject: "clean" price
Market order execution rate, %: 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
Limit offset orders execution method: in accordance with
item 6 of Article 28 of the Regulations on the
Methods of Conducting
Trades in TCS ASTS+
Limit orders execution method: at prices of limit offset orders
equal to the cut-off price or
those more favorable for
the seller
Market orders execution method: at weighted average price
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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:
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Trade date: September 29, 2020
Current maturity: 18.8 years (6,776 days)
Declared additional offering volume, KZT mln: 39,000.0
Trade subject: "clean" price
Market order execution rate, %: 0
Order submission method: closed
Order collection 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
Limit orders execution method: at prices of limit offset
orders equal to the cut-off
price or those more
favorable for the seller
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-------------------------------------------------------------------------------- BID PARAMETERS AT OFFERING: --------------------------------------------------------- ---------------------- Number of participants: 1 Number of orders submitted (all / active): 6 / 6 including: – limit: 6 / 6 – market: 0 / 0 Volume of active orders*, mln tenge: 5,015.4 including: – limit: 5,015.4 – market: 0 Bid to ask, %: 15.0 "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 81.7621 – maximum 82.4512 – weighted average 82.1061 Yield on orders submitted, % APR (on all / on active ones): – minimum 10.5200 – maximum 10.6200 – weighted average 10.5699 -------------------------------------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants.
-------------------------------------------------------------------------------- BID PARAMETERS AT ADDITIONAL OFFERING: ---------------------------------------------------------- --------------------- Number of participants: 1 Number of orders submitted (all / active): 1 / 1 Nominal volume of active orders*, mln tenge: 39,000.0 Bid to ask, %: 100.0 -------------------------------------------------------------------------------- * 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: 40,000,000.0
Volume of orders executed, tenge: 33,574,257,777.8
Number of orders executed: 2
Number of participants, whose orders were executed: 1
"Clean" price in orders executed, %: 82.4512
Yield of bonds to maturity for buyer, % APR: 10.5200
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According to Central Securities Depository (Almaty), deals on offering the second issue of MEUKAM-300 (KZKD00000774) by the end of settlement of trade results were executed.
Taking into account the earlier offering, the total amount of the second issue of MEUKAM-300 (KZKD00000774) made up 205,000,000 bonds with the total face value of KZT205,000,000,000.00.
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 see more
The Rules of placement of government treasury bonds of the Republic of Kazakhstan are available at see more
[2020-09-29]