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22.10.2020 20:42 #Trading information

Kazakhstan's Ministry of Finance on October 22 raises KZT10.9 bn on KASE by placing 13th issue of MEUKAM-108 (KZKD00001087) with weighted average yield of 10.48 % APR

/KASE, October 22, 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) were held in KASE's trading system on October 22, 2020 on the following terms (Almaty time).

OFFERING TERMS:

------------------------------------------- -----------------------------------------------
Trade date:                                 October 22, 2020                               
Current maturity:                           8.4 years (3,039 days)                         
Declared offering volume, mln tenge:        10,000.0                                       
Trade subject:                              "clean" price                                  
Market order execution ratio, %:            70                                             
Order submission method:                    closed                                         
Order receipt 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                        
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                      
-------------------------------------------------------------------------------------------

Special trading session for additional offering of these bonds was held from 15:30 to 16:00 o'clock, Almaty time, in KASE's trading system on the following terms.

ADDITIONAL OFFERING TERMS:

----------------------------------------------- --------------------------------
Trade date:                                     October 22, 2020                
Current maturity:                               8.4 years (3,039 days)          
Declared additional offering volume, mln tenge: 8,000.0                         
Trade subject:                                  "clean" price                   
Market order execution ratio, %:                0                               
Order submission method:                        closed                          
Order receipt time:                             15:30–16:00                     
Order confirmation time:                        15:30–16:15                     
Striking time:                                  before 17:00 (Т+0)              
Payment date and time:                          October 22, 2020, 17:00         
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:                                   2                     
Number of orders submitted (all / active):                13 / 13               
including:                                                                      
– limit:                                                  13 / 13               
– market:                                                 0 / 0                 
Volume of active orders*, mln tenge:                      9,211.5               
including:                                                                      
– limit:                                                  9,211.5               
– market:                                                 0                     
Bid to ask, %:                                            85.0                  
"Clean" price on orders submitted, % of face value (on all / on active ones):   
– minimum                                                 100.9333              
– maximum                                                 102.6868              
– weighted average                                        102.1984              
Yield on orders submitted, % APR (on all / on active ones):                     
– minimum                                                 10.4800               
– maximum                                                 10.8000               
– weighted average                                        10.5682               
--------------------------------------------------------------------------------
* active orders – orders not annulled by trade participants at expiry of order  
submission period including those confirmed by Confirmation System participants.

The entire volume of active orders came from institutional investors.

--------------------------------------------------------------------------------
BID PARAMETERS OF ADDITIONAL OFFERING:                                          
---------------------------------------------------------- ---------------------
Number of participants:                                    1                    
Number of orders submitted (all / active):                 2 / 2                
Nominal volume of active orders*, mln tenge:               8,000.0              
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:            10,000,000.0    
Volume of orders executed, tenge:            10,885,902,222.2
Number of orders executed:                   3               
Number of participants, whose orders         1               
were executed:                                               
"Clean" price in orders executed, %:         102.6868        
Yield of bonds to maturity for buyer, % APR: 10.4800         
-------------------------------------------------------------

According to Central Securities Depository (Almaty), deals on offering the 13th issue of MEUKAM-108 (KZKD00001087) by the end of settlement of trade results were executed.

Taking into account the earlier offering, the total amount of the 13th issue of MEUKAM-108 (KZKD00001087) made up 304,998,816 bonds with the total face value of KZT304,998,816,000.00.

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 at see more

The Rules of placement of government treasury bonds of the Republic of Kazakhstan are available at see more

[2020-10-22]