Kazakhstan's Ministry of Finance on January 13 raises KZT23.2 bn on KASE by placing 17th issue of MEUKAM-120 (KZKD00000899) at weighted average yield to maturity of 10.10 % APR

13.01.21 22:38
/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. ------------------------------------------------------------------------------------ BID PARAMETERS: ----------------------------------------------------------- ------------------------ 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 ------------------------------------------------------------------------------------ * 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: ----------------------------------------------------------- ------------------------ 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 ------------------------------------------------------------------------------------ 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: ------------------------------------------- ------------------------------------ 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 -------------------------------------------------------------------------------- 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]