/KASE, February 17, 2021/ – Kazakhstan Stock Exchange (KASE) announces
that two special trading sessions (for offering and additional offering) of
government long-term treasury bonds of the Ministry of Finance of the Republic
of Kazakhstan (MEUKAM) were held in KASE's trading system on February 17,
2021 on the terms below (Almaty time).
OFFERING TERMS:
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Trade date: February 17, 2021
Declared offering volume, mln tenge: 15,000.0
Trade subject: coupon rate
Market order execution ratio, %*: 70
Order submission method: closed
Order receipt time: 09:00–11:00
Order confirmation time: 09:00–11:00
Cut-off time: before 15:00 (Т+0)
Payment date and time: February 17, 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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From 15:30 to 16:00 o'clock, Almaty time, a special trading session for
additional offering of the said bonds was held in KASE's trading system on the
terms below.
ADDITIONAL OFFERING TERMS:
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Trade date: February 17, 2021
Declared additional offering volume, mln tenge: 10,000.0
Trade subject: "clean" price
Market order execution ratio, %: 70
Order submission method: closed
Order collection time: 15:30–16:00
Order confirmation time: 15:30–16:00
Cut-off time: before 17:00 (Т+0)
Payment date and time: February 17, 2021,
17:00
Limit orders execution method: at prices of limit offset orders
equal to the cut-off price or
those more favorable for
the seller
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BID PARAMETERS AT OFFERING:
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Number of participants: 5
Number of orders submitted (all / active): 13 / 11
including:
– limit: 11 / 9
– market: 2 / 2
Volume of active orders*, mln tenge: 25,400.0
including:
– limit: 20,500.0
– market: 4,900.0
Bid to ask, %: 169.3
Coupon rate on orders submitted, % APR (on all / on active ones):
- minimum 10.0000
– maximum 15.0000
– weighted average 12.4207 / 12.5110
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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
54.7 %, other institutional investors – for 17.7 %,
other legal entities – for 19.2 %.
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BID PARAMETERS AT ADDITIONAL OFFERING:
---------------------------------------------------------- ---------------------
Number of participants: 1
Number of orders submitted (all / active): 1 / 1
Nominal volume of active orders*, mln tenge: 2,000.0
Bid to ask, %: 20.0
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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.
The entire volume of active orders originated from STB.
OFFERING RESULTS:
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Volume of orders executed, bonds: 13,900,000
Volume of orders executed, tenge: 13,900,000,000.0
Number of orders executed: 8
Number of participants, whose orders were executed: 5
Volume of orders executed, % of bid: 50.7
Coupon rate of bonds to maturity, % APR: 10.1200
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According to Central Securities Depository (Almaty), deals on offering
MUM156_0007 by the end of settlement of trade results were executed. 42.4 %,
in terms of amounts raised, were bought by STB, 10.8 % – by institutional
investors, 46.8 % – by other legal entities.
MEUKAM sold by the Ministry of Finance are automatically admitted to circulation
on KASE secondary market under the trading code indicated in the table. At the
same time bonds must be quoted in clean prices in KASE trading system.
The text of the Rules of issue, placement, circulation, service and maturity of
government treasury bonds of the Republic of Kazakhstan is 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
[2021-02-17]