Kazakhstan's Ministry of Finance on November 16 raised KZT28.2 bn on KASE by placing 17th issue of MEUKAM-084 (KZKD00000881) with weighted average yield to maturity of 10.3886 % APR

16.11.20 23:41
/KASE, November 16, 2020/ – Kazakhstan Stock Exchange (KASE) announces that two special trading sessions (for 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 November 16, 2020 on the terms below (Almaty time). OFFERING TERMS: ------------------------------------------------------------------------------------- Trade date: November 16, 2020 Current maturity: 3.2 years (1,154 days) Declared offering volume, KZT mln: 26,000.0 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: November 16, 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 ------------------------------------------------------------------------------------- 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. ADDITIONAL OFFERING TERMS: ------------------------------------------------------------------------------------------- Trade date: November 16, 2020 Current maturity: 3.2 years (1,154 days) Declared additional offering volume, KZT mln: 15,000.0 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: November 16, 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: 4 Number of orders submitted (all / active): 11 / 11 including: – limit: 10 / 10 – market: 1 / 1 Volume of active orders*, mln tenge: 15,617.1 including: – limit: 14,617.1 – market: 1,000.0 Bid to ask, %: 57.1 "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 97.4418 – maximum 97.7254 – weighted average 97.5662 Yield on orders submitted, % APR (on all / on active ones): – minimum 10.3400 – maximum 10.4500 – weighted average 10.4017 ------------------------------------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants. In the total volume of active orders, second-tier banks (STB) accounted for 80.8 %, other legal entities – for 19.2 %. -------------------------------------------------------------------------------- BID PARAMETERS AT ADDITIONAL OFFERING: ---------------------------------------------------------- --------------------- Number of participants: 3 Number of orders submitted (all / active): 4 / 3 Nominal volume of active orders*, mln tenge: 17,876.3 Bid to ask, %: 133.3 -------------------------------------------------------------------------------- * 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 originated from STB. OFFERING RESULTS: --------------------------------------------------- ---------------- Volume of orders executed, bonds: 26,856,976 Volume of orders executed, tenge: 28,241,298,254.8 Number of orders executed: 11 Number of participants, whose orders were executed: 5 "Clean" price in executed orders, %: – minimum 97.5705 – maximum 97.7254 – weighted average 97.6072 Yield of bonds to maturity for buyer, % APR: – minimum 10.3400 – maximum 10.4000 – weighted average 10.3886 -------------------------------------------------------------------- According to Central Securities Depository (Almaty), deals on offering the 17th issue of MEUKAM-084 (KZKD00000881) by the end of settlement of trade results were fully executed. 89.4 %, in terms of amounts raised, were bought by STB, 10.6 % – by other legal entities. Taking into account the earlier offering, the total amount of the 17th issue of MEUKAM-084 (KZKD00000881) made up 141,438,765 bonds with the total face value of KZT141,438,765,000.00 MEUKAM 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 [2020-11-16]