/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:
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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:
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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:
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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
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
[2021-01-25]