Kazakhstan's Ministry of Finance on November 20 raised KZT3.1 bn on KASE by placing 13th issue of MEUKAM-108 (KZKD00001087) with yield to maturity of 10.50 % APR

20.11.20 19:29
/KASE, November 20, 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 November 20, 2020 on the terms below (Almaty time). OFFERING TERMS: ------------------------------------------------------------------------------------------- Trade date: November 20, 2020 Current maturity: 8.4 years (3,011 days) Declared offering volume, mln tenge: 10,000.0 Trade subject: "clean" price Market order execution ratio, %: 70 Order submission method: closed Order receipt time: 09:00–11:00 Order confirmation time: 09:00–11:30 Striking time: before 15:00 (Т+0) Payment date and time: November 20, 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, the issuer planned to additionally place mentioned bonds in the amount of KZT7,000.0 mln in KASE's trading system under special trading sessions. However, special trading sessions on additional placement were acknowledged as failed, due to the fact that at the end of the order collection period there were no active orders in KASE's trading and clearing system. -------------------------------------------------------------------------------------- BID PARAMETERS AT OFFERING: ----------------------------------------------------------------------------- -------- Number of participants: 1 Number of orders submitted (all / active): 2 / 2 including: – limit: 1 / 1 – market: 1 / 1 Volume of active orders*, mln tenge: 3,096.0 including: – limit: 1,096.0 – market: 2,000.0 Bid to ask, %: 28.2 "Clean" price on orders submitted, % of face value (on all / on active ones): 102.5682 Yield on orders submitted, % APR (on all / on active ones): 10.5000 ---------------------------------------------------------------------------- -------- * 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 came from second-tier banks. OFFERING RESULTS: --------------------------------------------------- --------------- Volume of orders executed, bonds: 2,824,884 Volume of orders executed, tenge: 3,095,959,240.9 Number of orders executed: 2 Number of participants, whose orders were executed: 1 "Clean" price in orders executed, %: 102.5682 Yield of bonds to maturity for buyer, % APR: 10.5000 ------------------------------------------------------------------- According to Central Securities Depository (Almaty), deals on offering the 13th issue of MEUKAM-108 (KZKD00001087) by the end of settlement of trade results were fully executed. Taking into account the earlier offering, the total amount of the 13th issue of MEUKAM-108 (KZKD00001087) made up 312,740,329 bonds with the total face value of KZT312,740,329,000.00. MEUKAM sold by the Ministry of Finance are automatically admitted to circulation on KASE's secondary market under the trading code indicated in the table. The Rules of issue, placement, circulation, service and maturity of government treasury bonds of the Republic of Kazakhstan are 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 [2020-11-20]