/KASE, November 27, 2020/ – A repeated special trading session to offer
government long-term treasury bonds of the Ministry of Finance of the Republic
of Kazakhstan (MEUKAM) was held in Kazakhstan Stock Exchange (KASE)
trading system 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: 7
Number of orders submitted (all / active): 19 / 19
including:
– limit: 17
– market: 2
Volume of active orders*, mln tenge: 82,928.9
including:
– limit: 78,928.9
– market: 4,000.0
Bid to ask, %: 423.2
"Clean" price on orders submitted, % of
face value (on all / on active ones):
– minimum 94.0331
– maximum 94.4245
– weighted average 94.3343
Yield on orders submitted, % APR
(on all / on active ones):
– minimum 10.0000
– maximum 10.3500
– weighted average 10.0805
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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, 94.6% came from second-tier banks (STBs),
0.2% from other institutional investors, 5.2 % - from other legal entities.
OFFERING RESULTS:
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Volume of orders executed, bonds: 12,118,544
Volume of orders executed, tenge: 11,884,000,474.9
Number of orders executed: 5
Number of participants, whose orders were executed: 4
Volume of orders executed, % of plan: 60.6
"Clean" cut-off price: 94.4020
"Clean" price in orders executed, % of face value:
– minimum 94.4020
– maximum 94.4245
– weighted average 94.4135
Yield at cut-off price, % APR: 10.0200
Yield of bonds to maturity for buyer, % APR:
– minimum 10.0000
– maximum 10.0200
– weighted average 10.0098
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According to Central Securities Depository (Almaty), deals for the offering of
the 11th issue of MEUKAM-120 (MUM120_0011, KZKD00000527) upon
settlements according to the trade results were executed. STBs purchased
90.4% of the volume raised, other institutional investors – 1.7%, other legal
entities – 7.9%.
OFFERING TERMS:
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Trade date: November 27, 2020
Current maturity: 1.3 years (472 days)
Declared placement volume, mln KZT: 20,000.0
Trade subject: "clean" price
Market order execution ratio, %: 70
Order submission method: closed
Order collection time: 09:00–11:00
Order confirmation time: 09:00–11:30
Striking time: until 15:00 (Т+0)
Payment date and time: November 27, 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
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Taking into account the earlier offering, the total amount of the 11th issue of
MEUKAM-120 (MUM120_0011, KZKD00000527) made up 84,117,599 bonds
with the total face value of KZT84,117,599,000.
MEUKAM sold by the Ministry of Finance are automatically admitted to
circulation on KASE secondary market under the trading code indicated in the
table.
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
[2020-11-27]