/KASE, October 22, 2020/ – Kazakhstan Stock Exchange (KASE) announces that two
special trading sessions (for 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 today on the terms below (Almaty time).
OFFERING TERMS:
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Trade date: October 22, 2020
Current maturity: 3.3 years (1,178 days)
Declared offering volume, KZT mln: 35,000.0
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: October 22, 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, the issuer planned to place
additional mentioned bonds in the amount of KZT21,000.0 mln during special
trading sessions in KASE's trade system. However, the special trading session
for additional offering was recognized as failed, due to the fact that at the
end of the period for collecting orders in KASE's trading and clearing
system there were no active orders.
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BID PARAMETERS AT OFFERING:
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Number of participants: 4
Number of orders submitted (all / active): 7 / 6
including:
– limit: 7 / 6
– market: 0 / 0
Volume of active orders*, mln tenge: 13,868.4
including:
– limit: 13,868.4
– market: 0
Bid to ask, %: 38.0
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 97.3818
– maximum 97.5128
– weighted average 97.4699 / 97.4537
Yield on orders submitted, % APR (on all / on active ones):
– minimum 97.3818
– maximum 97.5128
– weighted average 97.4699 / 97.4537
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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.
The total volume of active orders came from second-tier banks (STBs).
OFFERING RESULTS:
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Volume of orders executed, bonds: 13,288,048
Volume of orders executed, tenge: 13,868,415,044.4
Number of orders executed: 6
Number of participants, whose orders were executed: 4
"Clean" price in orders executed, %:
– minimum 97.3818
– maximum 97.5128
– weighted average 97.4537
Yield of bonds to maturity for buyer, % APR:
– minimum 10.4000
– maximum 10.4500
– weighted average 10.4226
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According to Central Securities Depository (Almaty), deals on offering the 17th
issue of MEUKAM-084 (KZKD00000881) by the end of settlement of trade
results were fully executed.
Taking into account the earlier offering, the total amount of the 17th issue of
MEUKAM-084 (KZKD00000881) made up 70,614,945 bonds with the total face
value of KZT70,614,945,000.00.
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 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
[2020-10-22]