//KASE, November 13, 2020/ – A repeated special trading session for offering
government long-term treasury bonds of the Ministry of Finance of the Republic
of Kazakhstan (MEUKAM) was held in Kazakhstan Stock Exchange (KASE) trading system
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: 3
Number of orders submitted (all / active): 7 / 7
including:
– limit: 6 / 6
– market: 1
Volume of active orders*, mln tenge: 15,936.2
including:
– limit: 13,936.2
– market: 2,000.0
Bid to ask, %: 160.2
"Clean" price on orders submitted, % of
face value (on all / on active ones):
– minimum 93.2223
– maximum 94.0796
– weighted average 93.2947
Yield on orders submitted, % APR
(on all / on active ones):
– minimum 10.3000
– maximum 10.5000
– weighted average 10.4827
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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.
Entire volume of active orders came from second-tier banks (STBs).
OFFERING RESULTS:
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Volume of orders executed, bonds: 13,010,551
Volume of orders executed, tenge: 12,942,275,628.4
Number of orders executed: 6
Number of participants, whose orders were executed: 3
Volume of orders executed, % of plan: 130.1
"Clean" cut-off price: 93.2223
"Clean" price of orders executed, % of face value:
– minimum 93.2223
– maximum 94.0796
– weighted average 93.3002
Yield at cut-off price, % APR: 10.5000
Yield of bonds to maturity for buyer, % APR:
– minimum 10.3000
– maximum 10.5000
– weighted average 10.4814
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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 fully executed.
OFFERING TERMS:
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Trade date: November 13, 2020
Current maturity: 6.3 years (2,273 days)
Declared placement volume, mln KZT: 10,000.0
Trade subject: "clean" price
Market order acceptance ratio, %: 70
Order submission method: closed
Order collection time: 09:00–11:00
Order confirmation time: 09:00–11:30
Striking time: until 15:00 (Т+0)
Payment date and time: November 13, 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 17th issue of
MEUKAM-120 (KZKD00000899) made up 50,510,551 bonds with the total face
value of KZ50,510,551,000.00.
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
[2020-11-13]