/KASE, January 13, 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.
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BID PARAMETERS:
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Number of participants: 7
Number of orders submitted (all / active): 22 / 20
including:
– limit: 17 / 15
– market: 5
Volume of active orders*, mln tenge: 41,326.4
including:
– limit: 32,326.4
– market: 9,000.0
Bid to ask, %: 406.3
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 91.3310
– maximum 95.6410
– weighted average 94.0604/ 94.0282
Yield on orders submitted, % APR (on all / on active ones):
– minimum 9.9700
– maximum 11.0000
– weighted average 10.3396/10.3471
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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, second-tier banks (STBs) accounted for 57.3 %,
brokerage and dealer organizations – for 2.5 %, other institutional investors –
for 16.0%, other legal entities – for 24.2 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 22,544,784
Volume of orders executed, tenge: 23,163,124,354.2
Number of orders executed: 11
Number of participants, whose orders were executed: 5
Volume of orders executed, % of plan: 225.4
"Clean" cut-off price, %: 94.6554
"Clean" price on orders submitted, % of the face value:
– minimum 94.6554
– maximum 95.6410
– weighted average 95.0677
Yield at cut-off price, % APR: 10.2000
Yield on bonds submitted, % APR (on all / on active ones):
– minimum 9.9700
– maximum 10.2000
– weighted average 10.1020
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According to Central Securities Depository (Almaty), deals on offering of the
17th issue of MEUKAM-120 (KZKD00000899) by the end of settlement of
trade results were executed, whereby 23.7 %, in terms of amounts raised, were
purchased by STBs, 4.4 % – by brokers and dealer organizations, 28.7 % –
by other institutional investors, 43.2 % – by other legal entities.
OFFERING TERMS:
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Trade date: January 13, 2021
Current maturity: 6.1 years (2,213 days)
Declared placement volume, mln KZT: 10,000.0
Trade subject: "clean" price
Market order execution ratio, %: 70
Order submission method: closed
Order collection time: 09:00–11:00
Order confirmation time: 09:00–11:00
Striking time: before 15:00 (Т+0)
Payment date and time: January 31, 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
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Taking into account the earlier offering, the total amount of the 17th issue of
MEUKAM-120 (KZKD00000899) made up 73,055,335 bonds with the total face
value of KZT73,055,335,000.0.
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
[2021-01-13]