Kazakhstan's Ministry of Finance on February 25 raised KZT11.8 bn on KASE by placing second issue of MEUKAM-156 (KZ000A1A1S55, MUM156_0002) at average weighted yield of 10.05 % APR

25.02.21 19:48
/KASE, February 25, 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 25, 2021 on the terms below (Almaty time). OFFERING TERMS ------------------------------------- ------------------------------------------- Trade date: February 25, 2021 Current maturity: 2.4 years (865 days) Declared offering volume, mln tenge: 30,000.0 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 25, 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 --------------------------------------------------------------------------------- From 15:30 to 16:00 o'clock, the issuer planned to additionally place mentioned bonds in KASE's trading system during a special trading session for the amount of KZT20,000.0 mln. However, the special trading session for additional placement was declared invalid, due to the fact that at the end of the order collection period there were no active orders in KASE's trading system. ----------------------------------------------------------------------------- BID PARAMETERS AT OFFERING: ------------------------------------------------------- --------------------- Number of participants: 7 Number of orders submitted (all / active): 17 / 17 including: – limit: 16 / 16 – market: 1 / 1 Volume of active orders*, mln tenge: 37,421.1 including: – limit: 35,421.1 – market: 2,000.0 Bid to ask, %: 127.5 "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 93.3479 – maximum 94.5368 – average weighted 93.9664 Yield on orders submitted, % APR (on all / on active ones): – minimum 9.1000 – maximum 9.7000 – average weighted 9.3863 -------------------------------------------------------------------------------- * 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 banks. OFFERING RESULTS: --------------------------------------------------- ---------------- Volume of orders executed, bonds: 12,035,189 Volume of orders executed, tenge: 11,827,095,896.0 Number of orders executed: 6 Number of participants, whose orders were executed: 3 Volume of executed orders, % of plan: 40.1 Volume of executed orders, % of the bid: 31.5 "Clean" cut-off price, %: 94.3571 "Clean" price in orders executed, % of face value: – minimum 94.3571 – maximum 94.5368 – average weighted 94.3890 Yield at cut-off price, % APR: 9.1900 Yield of bonds to maturity for buyer, % APR: – minimum 9.1000 – maximum 9.1900 – average weighted 9.1733 -------------------------------------------------------------------- According to Central Securities Depository (Almaty), deals on offering the second issue of MEUKAM-156 (KZ000A1A1S55, MUM156_0002) by the end of settlement of trade results were executed. Taking into account the earlier offering, the total amount of the second issue of MEUKAM-156 (KZ000A1A1S55, MUM156_0002) made up 129,852,480 bonds with the total face value of KZT129,852,480,000. MEKAM 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 [2021-02-25]