/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:
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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:
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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
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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:
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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
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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]