Kazakhstan's Ministry of Finance on November 25 raised KZT19.6 bn on KASE by placing 12th issue of MEUKAM-108 (KZKD00000915) with weighted average yield of 10.4614 % APR

25.11.20 20:04
/KASE, November 25, 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. -------------------------------------------------------------------------------- BID PARAMETERS: --------------------------------------------------------- ---------------------- Number of participants: 4 Number of orders submitted (all / active): 9 / 9 including: – limit: 7 – market: 2 Volume of active orders*, mln tenge: 19,646.1 including: – limit: 16,646.1 – market: 3,000.0 Bid to ask, %: 133.8 "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 94.1771 – maximum 94.7696 – weighted average 94.3286 Yield on orders submitted, % APR (on all / on active ones): – minimum 10.3500 – maximum 10.5000 – weighted average 10.4616 -------------------------------------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants. Second-tier banks (STBs) accounted for the entire volume of active orders. OFFERING RESULTS: --------------------------------------------------- ---------------- Volume of orders executed, bonds: 20,063,786 Volume of orders executed, tenge: 19,646,068,892.7 Number of orders executed: 9 Number of participants, whose orders were executed: 4 Volume of orders executed, % of plan: 133.8 "Clean" cut-off price, %: 94.1771 "Clean" price in orders executed, % of face value: – minimum 94.1771 – maximum 94.7696 – weighted average 94.3286 Yield at cut-off price, % APR: 10.5000 Yield of bonds to maturity for buyer, % APR: – minimum 10.3500 – maximum 10.5000 – weighted average 10.4614 -------------------------------------------------------------------- According to Central Securities Depository (Almaty), deals on offering of the 12th issue of MEUKAM-108 (KZKD00000915) by the end of settlement of trade results were executed. OFFERING TERMS: ------------------------------------- -------------------------------- Trade date: November 25, 2020 Current maturity: 5.6 years (2,018 days) Declared offering volume, mln tenge: 15,000.0 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 25, 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 ---------------------------------------------------------------------- Taking into account the earlier offering, the total amount of the 12th issue of MEUKAM-108 (KZKD00000915) made up 300,449,601 bonds with the total face value of KZT300,449,601,000.00. 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 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 [2020-11-25]