/KASE, February 23, 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) were held in the trading system of Kazakhstan Stock Exchange (KASE) on
February 23, 2021 on the terms below (Almaty time).
OFFERING TERMS
------------------------------------------- ------------------------------------
Trade date: February 23, 2021
Current maturity: 8.9 years (3,221 days)
Declared offering volume, mln tenge: 40,000.0
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: February 23, 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
--------------------------------------------------------------------------------
From 15:30 to 16:00 o'clock, Almaty time, a special trading session for
additional offering of the mentioned bonds was held in KASE's trading system
on the terms below.
ADDITIONAL OFFERING TERMS:
---------------------------------------------------------------------------
Trade date: February 23, 2021
Current maturity: 8.9 years (3,221 days)
Declared additional offering volume, mln tenge: 40,000.0
Trade subject: "clean" price
Market order execution ratio, %: 0
Order submission method: closed
Order collection time: 15:30–16:00
Order confirmation time: 15:30–16:00
Striking time: before 17:00 (Т+0)
Payment date and time: February 23, 2021, 17:00
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
---------------------------------------------------------------------------
-----------------------------------------------------------
BID PARAMETERS AT OFFERING:
------------------------------------------------ ----------
Number of participants: 1
Number of orders submitted (all / active): 2 / 2
including:
– limit: 2 / 2
– market: 0
Volume of active orders*, mln tenge: 2,604.5
including:
– limit: 2,604.5
– market: 0
Bid to ask, %: 7.5
"Clean" price on orders submitted, % of face 86.4105
value (on all / on active ones):
Yield on orders submitted, % APR (on all / on 10.0500
active ones):
--------------------------------------------------------------
* active orders – orders not annulled by trade participants
at expiry of order submission period including those
confirmed by Confirmation System participants.
The total volume of active orders originated from
institutional investors.
-----------------------------------------------------------
BID PARAMETERS AT ADDITIONAL OFFERING:
------------------------------------------------ ----------
Number of participants: 2
Number of orders submitted (all / active): 5 / 3
Nominal volume of active orders*, mln tenge: 2,735.8
Bid to ask, %: 7.9
------------------------------------------------ ----------
* 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 accounted for 63.5%,
and institutional investors – for 36.5%.
OFFERING RESULTS:
--------------------------------------------------- ---------------
Volume of orders executed, bonds: 6,151,248
Volume of orders executed, tenge: 5,340,257,211.6
Number of orders executed: 5
Number of participants, whose orders were executed: 3
Volume of executed orders, % of plan: 15.4
Volume of executed orders, % of the bid: 100.0
"Clean" price in orders executed, %: 86.4105
Yield of bonds to maturity for buyer, % APR: 10.0500
-------------------------------------------------------------------
According to Central Securities Depository (Almaty), deals on offering the 12th
issue of MEUKAM-180 (KZKD00000840, MUM180_0012) by the end of settlement of trade
results were fully executed, with 32.5%, in terms of amount raised, bought by
STBs, 67.5 % – by institutional investors.
Taking into account the earlier offering, the total amount of the 12th issue of
MEUKAM-180 (KZKD00000840, MUM180_0012) made up 554,846,115 bonds with the total
face value of KZT554,846,115,000.
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
[2021-02-23]