Kazakhstan's Ministry of Finance on March 1 raised KZT4.0 bn on KASE by placing MEUKAM-156 of seventh issue (KZKD00001103, MUM156_0007) with weighted average yield to maturity of 10.13 % APR

01.03.21 19:50
/KASE, March 1, 2021/ – A repeated special trading session for the 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: 2 Number of orders submitted (all / active): 2 / 2 including: – limit: 2 / 2 – market: 0 / 0 Volume of active orders*, mln tenge: 4,003.6 including: – limit: 4,003.6 – market: 0 Bid to ask, %: 26.6% "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 99.7709 – maximum 100.1232 – weighted average 99.9466 Yield on orders submitted, % APR (on all / on active ones): – minimum 10.1000 – maximum 10.1500 – weighted average 10.1250 -------------------------------------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants. The entire volume of active applications fell on the share of institutional investors. OFFERING RESULTS: --------------------------------------------------- --------------- Volume of orders executed, bonds: 3,990,000 Volume of orders executed, tenge: 4,003,572,546.7 Number of orders executed: 2 Number of participants, whose orders were executed: 2 Volume of orders executed, % of plan: 26.6 Volume of orders executed, % of bid: 100.0 "Clean" cut-off price, %: 99.7709 "Clean" price on orders executed, % of face value: 99.7709 – minimum 100.1232 – maximum 99.9466 – weighted average 10.1500 Yield at cut-off price, % APR: 9.1900 Yield on bonds to maturity for buyer, % APR: – minimum 10.1000 – maximum 10.1500 – weighted average 10.1250 ------------------------------------------------------------------- According to Central Securities Depository (Almaty), the deals on offering of the seventh issue of MEUKAM-156 (KZKD00001103, MUM156_0007) by the end of settlement of the trade results were fully executed. OFFERING TERMS: ------------------------------------- ------------------------------------------- Trade date: March 1, 2021 Current maturity: 13.0 years (4,666 days) Declared offering volume, mln tenge: 15,000.0 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 Cut-off time: before 15:00 (Т+0) Payment date and time: March 1, 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 --------------------------------------------------------------------------------- Taking into account the earlier offering, the total amount of the seventh issue of MEUKAM-156 (KZKD00001103, MUM156_0007) made up 17,890,000 bonds with the total face value of KZT17,890,000,000. 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 [2021-03-01]