/KASE, February 19, 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): 52 / 51
including:
– limit: 43 / 43
– market: 9 / 8
Volume of active orders*, mln tenge: 137,634.7
including:
– limit: 110,775.2
– market: 26,859.5
Bid to ask, %: 7.1 times
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 91.7453
– maximum 94.3215
– weighted average 93.7020
Yield on orders submitted, % APR (on all / on active ones):
– minimum 9.1900
– maximum 10.5000
– weighted average 9.4996
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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
93.8 %, other institutional investors – for 0.3 %, other legal entities – for
5.9 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 28,881,032
Volume of orders executed, tenge: 28,330,880,430.5
Number of orders executed: 10
Number of participants, whose orders were executed: 8
Volume of orders executed, % of plan: 144.4
Volume of orders executed, % of bid: 20.5
"Clean" cut-off price, %: 94.3215
"Clean" price on orders submitted, % of face value: 94.3215
Yield at cut-off price, % APR: 9.1900
Yield on orders submitted, % APR (on all / on active): 9.1900
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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, 86.6 %, in terms of the
funds raised, were purchased by STBs, 13.4 % – by other legal entities.
OFFERING TERMS:
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Trade date: February 19, 2021
Current maturity: 2.4 years (871 days)
Declared offering volume, mln tenge: 20,000.0
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: February 19, 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 117,817,291 bonds with the total face
value of KZT117,817,291,000.
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
[2021-02-19]