Kazakhstan's Ministry of Finance on January 6 raises KZT14.9 bn on KASE by placing first issue of MEUKAM-180 (KZKD00000105) at yield to maturity of 10.00 % APR

06.01.21 19:30
/KASE, January 6, 2021/ – 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: 6 Number of orders submitted (all / active): 17 / 15 including: – limit: 14 / 12 – market: 3 Volume of active orders*, mln tenge: 39,262.9 including: – limit: 26,662.9 – market: 12,600.0 Bid to ask, %: 264.2 "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 92.9753 / 93.2352 – maximum 94.5500 – weighted average 93.8971/ 94.0297 Yield on orders submitted, % APR (on all / on active ones): – minimum 10.0000 – maximum 10.6000 / 10.5000 – weighted average 10.2466/ 10.1963 -------------------------------------------------------------------------------- * 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, second-tier banks (STB) accounted for 78.3%, other institutional investors – for 1.3%, and other legal entities – for 20.4%. OFFERING RESULTS: ---------------------------------------------------------- --------------------- Volume of orders executed, bonds: 15,000,000 Volume of orders executed, tenge: 14,940,541,666.7 Number of orders executed: 6 Number of participants, whose orders were executed: 5 Volume of orders executed, % of plan: 100.0 "Clean" cut-off price, %: 94.5500 "Clean" price in orders executed, 94.5500 % of the face value: Yield at cut-off price, % APR: 10.0000 Yield of bonds to maturity for buyer, % APR: 10.0000 -------------------------------------------------------------------------------- According to Central Securities Depository (Almaty), deals on offering of the first issue of MEUKAM-180 (KZKD00000105) by the end of settlement of trade results were executed. 74.4 %, in terms of the volume of borrowings, were purchased by STBs, 3.3 % – by other institutional investors, 22.3 % – by other legal entities OFFERING TERMS: ------------------------------------------- ------------------------------------ Trade date: January 6, 2021 Current maturity: 3.4 years (1,214 days) Declared offering volume, mln tenge: 15,000.0 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 (Т+0) Striking time: before 15:00 (Т+0) Payment date and time: January 6, 2021, 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 first issue of MEUKAM-180 (KZKD00000105) made up 31,950,000 bonds with the total face value of KZT31,950,000,000.0. 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 [2021-01-06]