/KASE, October 23, 2020/ – A repeated special trading session for the offering
of government short-term treasury bonds of the Ministry of Finance of the
Republic of Kazakhstan (MEKKAM) was held in the trading system of
Kazakhstan Stock Exchange (KASE) today. Below are parameters of the bid and
results of the special trading session.
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BID PARAMETERS:
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Number of participants: 8
Number of orders submitted (all / active): 27 / 27
including:
– limit: 26 / 26
– market: 1
Volume of active orders*, mln tenge: 37,942.0
including:
– limit: 37,942.0
– market: 0
Bid to ask, %: 263.7
Price on orders submitted, % of face value (on all / on active ones):
– minimum 94.5116
– maximum 94.8118
– weighted average 94.6914
Yield on orders submitted, % APR (on all / on active ones):
– minimum 9.8000
– maximum 10.4000
– weighted average 10.0400
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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.
In the entire volume of active orders, the share of second-tier banks (STBs)
accounted for 98.2 %, other institutional investors – for 1.8 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 150,000,000
Volume of orders executed, tenge: 14,219,309,423.1
Number of orders executed: 4
Number of participants, whose orders were executed: 3
Volume of orders executed, % of plan: 100.0
Discounted cut-off price, %: 94.7767
Discounted price of orders executed, % of face value:
– minimum 94.7767
– maximum 94.8118
– weighted average 94.7954
Yield at cut-off price, % APR: 9.8700
Yield of bonds to maturity for buyer, % APR:
– minimum 9.8000
– maximum 9.8700
– weighted average 9.8320
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According to Central Securities Depository (Almaty), deals on offering the
148th issue of MEKKAM-12 (KZK100000241) by the end of settlement of
trade results were executed. 95.1 %, in terms of the raised volume, were
purchased by second-tier banks, 4.9 % – by other institutional investors.
OFFERING TERMS:
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Trade date: October 23, 2020
Current maturity: 204 days
Declared offering volume, mln tenge: 15,000.0
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 23, 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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Taking into account the earlier offering, the total amount of the 148th issue of
MEKKAM-12 (KZK100000241) made up 3,507,606,728 bonds with the total face
value of KZT350,760,672,800.00.
MEKKAM sold by the Ministry of Finance are automatically admitted to circulation
on KASE secondary market under the trading code indicated in the table.
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
[2020-10-23]