/KASE, February 26, 2021/ – A repeated special trading session for 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.
----------------------------------------------------------------------------------
BID PARAMETERS:
---------------------------------------------------------- -----------------------
Number of participants: 8
Number of orders submitted (all / active): 18 / 18
including:
– limit: 16 / 16
– market: 2 / 2
Volume of active orders*, mln tenge: 26,005.5
including:
– limit: 23,622.7
– market: 2,382.8
Bid to ask, %: 66.8
"Clean" price on orders submitted, % of
face value on all / on active ones):
– minimum 91.2322
– maximum 92.5707
– weighted average 91.9960
Yield on orders submitted, % APR
(on all / on active ones):
– minimum 9.3800
– maximum 9.8000
– weighted average 9.5591
----------------------------------------------------------------------------------
* 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
82.5 %, institutional investors – for 15.4 %, and other legal entities –
for 2.1 %.
OFFERING RESULTS:
--------------------------------------------------- ---------------
Volume of orders executed, bonds: 6,516,331
Volume of orders executed, tenge: 6,382,791,828.8
Number of orders executed: 4
Number of participants, whose orders were executed: 4
Volume of orders executed, % of plan: 16.3
Volume of orders executed, % of bid: 24.4
"Clean" cut-off price, %: 92.5707
"Clean" price on orders submitted, % of face value: 92.5707
Yield at cut-off price, % APR: 9.3800
Yield on bonds submitted, % APR 9.3800
(on all / on active ones):
-------------------------------------------------------------------
According to Central Securities Depository (Almaty), deals on offering the 16th
issue of MEUKAM-120 (KZKD00000865) by the end of settlement of trade
results were fully executed. 31.3%, in terms of the amount raised, were
purchased by STBs, 63.7% – by other institutional investors,
6.0% – by other legal entities.
OFFERING TERMS:
------------------------------------------- ------------------------------------
Trade date: February 26, 2021
Current maturity: 4.3 years (1,531 days)
Declared offering volume, mln tenge: 40,000
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 26, 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
--------------------------------------------------------------------------------
Taking into account the earlier offering, the total amount of the 16th issue of
MEUKAM-120 (KZKD00000865) made up 25,900,427 bonds with the total face
value of KZT25,900,427,000.
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
[2021-02-26]