/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.
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BID PARAMETERS:
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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
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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.
Second-tier banks (STBs) accounted for the entire volume of active orders.
OFFERING RESULTS:
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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
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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:
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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
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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]