Kazakhstan's Ministry of Finance placed MEUKAM-120 issue 11 (MUM120_0011, KZKD00000527) with weighted average yield of 10.0098% APR and raised KZT11.9 bn today on KASE

27.11.20 23:03
/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. -------------------------------------------------------------------------------- BID PARAMETERS: ---------------------------------------------------------- --------------------- 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 -------------------------------------------------------------------------------- * 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: --------------------------------------------------- ---------------- 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 -------------------------------------------------------------------- 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: ------------------------------------------- ------------------------------------ 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 -------------------------------------------------------------------------------- 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]