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22.01.2021 19:20 #Trading information

Kazakhstan's Ministry of Finance on January 22 raised KZT40.0 bn on KASE by placing MEUKAM-156 of second issue (KZ000A1A1S55) with weighted average yield to maturity of 9.58 % APR

/KASE, January 22, 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:                                                                 
---------------------------------------------------- ---------------------------
Number of participants:                              14                         
Number of orders submitted (all / active):           63 / 62                    
including:                                                                      
– limit:                                             53 / 52                    
– market:                                            10                         
Volume of active orders*, mln tenge:                 164,629.7                  
including:                                                                      
– limit:                                             141,829.7                  
– market:                                            22,800.00                  
Bid to ask, %:                                       11.4                       
"Clean" price on orders submitted, % of face value (on all / on active ones):   
– minimum                                            88.6216                    
– maximum                                            93.4269                    
– weighted average                                   92.8513 / 92.8531          
Yield on orders submitted, % APR (on all / on active ones):                     
– minimum                                            9.5500                     
– maximum                                            12.0000                    
– weighted average                                   9.8338 / 9.8329            
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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 amount of active orders, the second-tier banks (STB) accounted for 94.8 %, other institutional investors – for 0.7 %, other legal entities – for 4.5 %.

OFFERING RESULTS:

--------------------------------------------------- ----------------
Volume of orders executed, bonds:                   41,404,846      
Volume of orders executed, tenge:                   40,016,871,413.9
Number of orders executed:                          17              
Number of participants, whose orders were executed: 8               
Volume of orders executed, % of plan:               276.0           
"Clean" cut-off price, %:                           93.3251         
"Clean" price in orders executed, % of face value:                  
– minimum                                           93.3251         
– maximum                                           93.4269         
– weighted average                                  93.3617         
Yield of bonds to maturity for buyer, % APR:        9.6000          
Yield on orders submitted, % APR (on all / on active):              
– minimum                                           9.5500          
– maximum                                           9.6000          
– weighted average                                  9.5809          
--------------------------------------------------------------------

According to Central Securities Depository (Almaty), the deals on offering of the second issue of MEUKAM-156 (KZ000A1A1S55) by the end of settlement of the trade results were executed, at the same time, 94.3% in terms of the funds raised, were purchased by STBs, 3.7 % – by institutional investors, 2.0 % – by other legal entities.

OFFERING TERMS:

------------------------------------- -------------------------------------------
Trade date:                           January 22, 2021                           
Current maturity:                     2.5 years (898 days)                       
Declared offering volume, mln tenge:  15,000.0                                   
Trade subject:                        "clean" price                              
Market order execution ratio, %*:     70                                         
Order submission method:              closed                                     
Order receipt time:                   09:00–11:00                                
Order confirmation time:              09:00–11:00                                
Striking time:                        before 15:00 (Т+0)                         
Payment date and time:                January 22, 2021,                          
                                      15:00                                      
Limit offset orders execution method: in accordance with                         
                                      item 6 of Article 28 of the Regulations on 
                                      Methods of Conducting                      
                                      Trades in TCS ASTS+                        
Limit orders execution method:        at prices of limit offset orders           
                                      equal to the cut-off price or              
                                      those more favorable for                   
                                      the seller                                 
Market orders execution method:       at weighted average price                  
---------------------------------------------------------------------------------

Taking into account the earlier offering, the total amount of the second issue of MEUKAM-156 (KZ000A1A1S55) made up 62,424,646 bonds with the total face value of KZT62,424,646,000.0.

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 see more

The Rules of placement of government treasury bonds of the Republic of Kazakhstan are available at see more

[2021-01-22]