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29.09.2020 20:30 #Trading information

Kazakhstan's Ministry of Finance on September 29 raised KZT34.9 bn on KASE by placing MEUKAM-300 of third issue (KZKD00000857) 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:

-------------------------------------------------------------------------------------------
Trade date:                                 September 29, 2020                             
Current maturity:                           19.4 years (6,987 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                      
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:                             19.4 years (6,987 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  
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:                                   1                     
Number of orders submitted (all / active):                6 / 6                 
including:                                                                      
– limit:                                                  6 / 6                 
– market:                                                 0 / 0                 
Volume of active orders*, mln tenge:                      5,219.9               
including:                                                                      
– limit:                                                  5,219.9               
– market:                                                 0                     
Bid to ask, %:                                            15.0                  
"Clean" price on orders submitted, % of face value (on all / on active ones):   
– minimum                                                 81.6988               
– maximum                                                 82.3943               
– weighted average                                        82.0459               
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:

--------------------------------------------------- ----------------
Volume of orders executed, bonds:                   40,000,000.00   
Volume of orders executed, tenge:                   34,938,620,000.0
Number of orders executed:                          2               
Number of participants, whose orders were executed: 1               
"Clean" price in orders executed, %:                82.3943         
Yield of bonds to maturity for buyer, % APR:        10.5200         
--------------------------------------------------------------------

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 258,450,693 bonds with the total face value of KZT258,450,693,000.00.

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]