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

22.01.21 19:20
/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. -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- * 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 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 [2021-01-22]