/KASE, January 25, 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:                                    5                      
Number of orders submitted (all / active):                 19 / 18                
including:                                                                        
– limit:                                                   14 / 13                
– market:                                                  5                      
Volume of active orders*, mln tenge:                       63,510.1               
including:                                                                        
– limit:                                                   34,160.1               
– market:                                                  29,350.0               
Bid to ask, %:                                             X 6.4 times            
"Clean" price on orders submitted, % of face value                                
 (on all / on active ones):                                                       
– minimum                                                  76.9554                
– maximum                                                  96.8384                
– weighted average                                         91.0382 / 90.6112      
Yield on orders submitted, % APR                                                  
 (on all / on active ones):                                                       
– minimum                                                  9.7000                 
– maximum                                                  15.0000                
– weighted average                                         11.0394 / 11.1434      
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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 97.9 %, other legal entities – for 2.1 %.
                                    
OFFERING RESULTS:                                                                 
---------------------------------------------------------- ---------------------
Volume of orders executed, bonds:                          54,041,060             
Volume of orders executed, tenge:                          55,866,362,142.6       
Number of orders executed:                                 17                     
Number of participants, whose orders were executed:        5                      
Volume of orders executed:                                 X 5.4 times            
Volume of orders executed, % of bid:                       83.9                   
"Clean" cut-off price, %:                                  94.6873                
"Clean" price on orders submitted, % of the face value:                           
– minimum                                                  94.6873                
– maximum                                                  96.8384                
– weighted average                                         95.4026                
Yield at cut-off price, % APR:                             10.2000                
Yield on bonds submitted, % APR                                                   
(on all / on active ones):                                                        
– minimum                                                  9.7000                 
– maximum                                                  10.2000                
– weighted average                                         10.308                 
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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 97.6 %, in terms of amounts raised, were purchased by STBs, 2.4 % – by other legal entities.

OFFERING TERMS:

------------------------------------------- ------------------------------------
Trade date:                                 January 25, 2021                               
Current maturity:                           6.1 years (2,201 days)                         
Declared offering 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 25, 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 127,096,395 bonds with the total face value of KZT127,096,395,000.00.

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

[2021-01-25]