/KASE, January 27, 2021/ – Kazakhstan Stock Exchange (KASE) announces
that two special trading sessions (for the offering and additional 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) on January 27, 2021 on the terms below (Almaty time).
OFFERING TERMS
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Trade date: January 27, 2021
Current maturity: 12.2 years (4,387 days)
Declared offering volume, KZT mln: 15,000.0
Trade subject: "clean" price
Market order execution rate, %: 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: 27.01.21, 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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From 15:30 to 16:00 o'clock, Almaty time, the issuer planned to additionally
place mentioned bonds in the amount of KZT10,000.0 mln in KASE's trading
system under special trading sessions. However, the special trading sessions
on additional offering were acknowledged as failed, due to the fact that at the
end of the order collection period there were no active orders in KASE's
trading and clearing system.
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BID PARAMETERS AT OFFERING:
-------------------------------------------------------- --------------------
Number of participants: 3
Number of orders submitted (all / active): 5 / 5
including:
– limit: 5 / 5
– market: 0 / 0
Volume of active orders*, mln tenge: 9,243.2
including:
– limit: 9,243.2
– market: 0
Bid to ask, %: 66.7
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 79.0865
– maximum 88.2143
– weighted average 85.3842
Yield on orders submitted, % APR (on all / on active ones):
– minimum 10.4000
– maximum 12.0000
– weighted average 10.8626
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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 (STB) accounted for
38.2 %, and other institutional investors – for 61.8 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 6,000,000
Volume of orders executed, tenge: 5,715,754,666.7
Number of orders executed: 2
Number of participants, whose orders were executed: 1
Volume of executed orders, % of the bid: 60.0
"Clean" price in orders executed, %: 88.2143
Yield of bonds to maturity for buyer, % APR: 10.4000
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According to Central Securities Depository (Almaty), deals on offering the 13th
issue of MEUKAM-180 (KZKD00000931) by the end of settlement of trade
results were fully executed, with the entire amount raised bought by
institutional investors.
Taking into account the earlier offering, the total amount of the 13th issue of
MEUKAM-180 (KZKD00000931) made up 38,585,300 bonds with the total face
value of KZT38,585,300,000.00.
MEUKAM sold by the Ministry of Finance are automatically admitted to circulation
on KASE's secondary market under the trading code indicated in the table. In
this case, bonds must be quoted in the KASE's trading system at clean prices.
The Rules of issue, placement, circulation, service and maturity of government
treasury bonds of the Republic of Kazakhstan are available 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
[2021-01-27]