Kazakhstan's Ministry of Finance on October 22 raises KZT29.6 bn on KASE by placing second issue of MEUKAM-300 (KZKD00000774) with yield to maturity of 10.52 % APR

22.10.20 20:43
/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: 18.8 years (6,753 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 ----------------------------------------------------------------- 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: 18.8 years (6,753 days) Declared additional offering volume, KZT mln: 33,000.0 Trade subject: "clean" price Market order execution rate, %: 0 Order submission method: closed Order collection time: 15:30–16:00 Order confirmation time: 15:30–16:15 Striking time: before 17:00 (Т+0) Payment date and time: October 22, 2020, 17:00 Limit orders execution method: 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): 11 / 11 including: – limit: 11 / 11 – market: 0 / 0 Volume of active orders*, mln tenge: 5,894.2 including: – limit: 5,894.2 – market: 0 Bid to ask, %: 20.0 "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 81.7672 – maximum 82.4559 – weighted average 82.1848 Yield on orders submitted, % APR (on all / on active ones): – minimum 10.5200 – maximum 10.6200 – weighted average 10.5592 ------------------------------------------------------------------------------- * 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: 33,000.0 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: 35,000,000.0 Volume of orders executed, tenge: 29,549,389,722.2 Number of orders executed: 2 Number of participants, whose 1 orders were executed: "Clean" price in orders executed, %: 82.4553 Yield of bonds to maturity for buyer, % APR: 10.5200 ------------------------------------------------------------- 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 fully executed. Taking into account the earlier offering, the total amount of the second issue of MEUKAM-300 (KZKD00000774) made up 275,000,000 bonds with the total face value of KZT275,000,000,000.00. 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 on KASE website 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]