/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:
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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
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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
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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
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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 entire volume of active orders came from institutional investors.
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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
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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.
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
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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
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]