Kazakhstan's Ministry of Finance on October 26 raised KZT29.7 bn on KASE by placing MEUKAM-120 of 17th issue (KZKD00000899) with yield to maturity of 10.45 % APR

26.10.20 21:21
/KASE, October 26, 2020/ – Kazakhstan Stock Exchange (KASE) announces that two special trading sessions (for the 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 on October 26, 2020 on the terms below (Almaty). OFFERING TERMS: -------------------------------------------------------------------------------- Trade date: October 26, 2020 Current maturity: 6.4 years (2,290 days) Declared placement volume, mln KZT: 30,000.0 Trade subject: "clean" price Market order execution ratio, %: 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 26, 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 -------------------------------------------------------------------------------- From 15:30 to 16:00 o'clock, Almaty time, a special trading session for additional offering of said bonds was held in KASE's trading system on the terms below. ADDITONAL OFFERING TERMS: ------------------------------------------------------------------------------ Trade date: October 26, 2020 Current maturity: 6.4 years (2,290 days) Declared additional offering volume, mln KZT: 25,000.0 Trade subject: "clean" price Market order acceptance ratio, %: 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 26, 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: 1 Number of orders submitted (all / active): 11 / 11 including: – limit: 11 / 11 – market: 0 / 0 Volume of active orders*, mln tenge: 9,902.6 including: – limit: 9,902.6 – market: 0 Bid to ask, %: 33.3 "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 92.9659 – maximum 93.3942 – weighted average 93.2763 Yield on orders submitted, % APR (on all / on active ones): – minimum 10.4500 – maximum 10.5500 – weighted average 10.4774 ---------------------- * 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): 2 / 2 Nominal volume of active orders*, mln tenge: 25,000.0 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: 30,000,000.0 Volume of orders executed, tenge: 29,743,260,000.0 Number of orders executed: 3 Number of participants, whose orders were executed: 1 "Clean" price in orders executed, %: 93.3942 Yield of bonds to maturity for buyer, % APR: 10.4500 -------------------------------------------------------------------- According to Central Securities Depository (Almaty), deals on offering the 17th issue of MEUKAM-120 (KZKD00000899) by the end of settlement of trade results were executed. Taking into account the earlier offering, the total amount of the 17th issue of MEUKAM-120 (KZKD00000899) made up 37,500,000 bonds with the total face value of KZT37,500,000,000.00. 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's 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 [2020-10-26]