Kazakhstan's Ministry of Finance on February 26 raises KZT6.4 bn on KASE by placing the 16th issue of MEUKAM-120 (KZKD00000865, MUM120_0016) with yield to maturity of 9.38 % APR

26.02.21 21:34
/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]