/KASE, November 23, 2020/ – A repeated special trading session for the offering
of government long-term treasury bonds of the Ministry of Finance of the Republic
of Kazakhstan (MEUKAM) 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: 10
Number of orders submitted (all / active): 26 / 26
including:
– limit: 23
– market: 3
Volume of active orders*, mln tenge: 57,303.5
including:
– limit: 51,303.5
– market: 6,000.0
Bid to ask, %: 203.6
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 91.4596
– maximum 92.5471
– weighted average 92.1962
Yield on orders submitted, % APR (on all / on active ones):
– minimum 10.2000
– maximum 10.7000
– weighted average 10.3600
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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 total volume of active orders, 91.0 % came from second-tier banks
(STBs), 1.8 % – from other institutional investors, 7.2 % – from other
legal entities.
OFFERING RESULTS:
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Volume of orders executed, bonds: 35,061,465
Volume of orders executed, tenge: 32,951,904,202.3
Number of orders executed: 16
Number of participants, whose orders were executed: 7
Volume of orders executed, % of plan: 116.9
"Clean" cut-off price: 92.2189
"Clean" price in orders executed, % of face value:
– minimum 92.2189
– maximum 92.5471
– weighted average 92.3499
Yield at cut-off price, % APR: 10.3500
Yield of bonds to maturity for buyer, % APR:
– minimum 10.2000
– maximum 10.3500
– weighted average 10.2900
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According to Central Securities Depository (Almaty), deals on offering the
11th issue of MEUKAM-108 (KZKD00000816) by the end of settlement of
trade results were fully executed. 84.4 %, in terms of the raised volume, were
purchased by STBs, 3.0 % – by other institutional investors, 12.6 % –
by other legal entities.
OFFERING TERMS:
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Trade date: November 23, 2020
Current maturity: 2.8 years (996 days)
Declared offering volume, mln tenge: 30,000.0
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 23, 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
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 11th issue of
MEUKAM-108 (KZKD00000816) made up 145,110,303 bonds with the total face
value of KZT145,110,303,000.00.
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
[2020-11-23]