/KASE, February 24, 2021/ – A repeated special trading session for offering
government long-term treasury bonds of the Ministry of Finance of the Republic
of Kazakhstan (MEUKAM) was held in Kazakhstan Stock Exchange (KASE)
trading system 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: 8
Number of orders submitted (all / active): 26 / 25
including:
– limit: 23 / 22
– market: 3 / 3
Volume of active orders*, mln tenge: 31,604.1
including:
– limit: 25,604.1
– market: 6,000.0
Bid to ask, %: 62.9
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 99.3605
– maximum 100.4678
– weighted average 99.8620 / 99.8532
Yield on orders submitted, % APR (on all / on active ones):
– minimum 9.3000
– maximum 9.7500
– weighted average 9.5452 / 9.5488
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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, 96.8 % came from second-tier banks (STBs),
3.2 % – from other institutional investors.
OFFERING RESULTS:
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Volume of orders executed, bonds: 6,934,650
Volume of orders executed, tenge: 7,011,009,742.7
Number of orders executed: 4
Number of participants, whose orders were executed: 3
Volume of orders executed, % of plan: 13.9
Volume of orders executed, % of bid: 22.0
"Clean" cut-off price, %: 100.4678
"Clean" price in orders executed, % of face value: 100.4678
Yield at cut-off price, % APR: 9.3000
Yield of bonds to maturity for buyer, % APR: 9.3000
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According to Central Securities Depository (Almaty), deals on offering the 17th
issue of MEUKAM-084 (KZKD00000881) by the end of settlement of trade
results were executed. The entire volume was purchased by second-tier banks.
OFFERING TERMS:
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Trade date: February 24, 2021
Current maturity: 2.9 years (1,056 days)
Declared offering volume, KZT mln: 50,000.0
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: February 24, 2021,
15:00
Limit offset orders execution method: in accordance with
item 6 of Article 28 of the Regulations on the
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 17th issue of
MEUKAM-084 (KZKD00000881) made up 148,373,415 bonds with the total face
value of KZT148,373,415,000.00.
MEKKAM 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
[2021-02-24]