/KASE, February 26, 2021/ – A repeated special trading session for the offering
of government short-term treasury bonds of the Ministry of Finance of the
Republic of Kazakhstan (MEKKAM) 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.
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BID PARAMETERS:
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Number of participants: 9
Number of orders submitted (all / active): 23 / 20
including:
– limit: 21 / 18
– market: 2 / 2
Volume of active orders*, mln tenge: 54,902.0
including:
– limit: 50,402.0
– market: 4,500.0
Bid to ask, %: 148.6
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 92.1345
– maximum 92.5252
– weighted average 92.3532 / 92.3522
Yield on orders submitted, % APR
(on all / on active ones):
– minimum 8.9900 /
– maximum 9.5000 /
– weighted average 9.2140 / 9.2153
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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 entire volume of active orders, the share of second-tier banks (STBs)
accounted for 93.8 %, that of other institutional investors – for 1.4 %,
that of other legal entities – for 4.8 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 138,276,712
Volume of orders executed, tenge: 12,793,738,313.4
Number of orders executed: 5
Number of participants, whose orders were executed: 5
Volume of orders executed, of plan: 34.6
Volume of orders executed, % of bid: 23.3
"Clean" cut-off price, %: 92.5175
"Clean" price in orders executed, % of face value:
– minimum 92.5175
– maximum 92.5252
– weighted average 92.5227
Yield at cut-off price, % APR: 9.0000
Yield of bonds to maturity for buyer, % APR:
– minimum 8.9900
– maximum 9.0000
– weighted average 8.9921
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According to Central Securities Depository (Almaty), deals on offering the
149th issue of MEKKAM-12 (KZK100000258) by the end of settlement of
trade results were executed. 78.3 %, in terms of raised volume, were
purchased by second-tier banks, 20.7 % – by other legal entities.
OFFERING TERMS:
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Trade date: February 26, 2021
Current maturity: 328 days
Declared offering volume, mln tenge: 40,000.0
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 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
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Taking into account the earlier offering, the total amount of the 149th issue of
MEKKAM-12 (KZK100000258, MКM012_0149) made up 1,565,629,391 bonds
with the total face value of KZT156,562,939,100.
MEKKAM sold by the Ministry of Finance are automatically admitted to circulation
on KASE's 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]