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03.03.2021 19:22 #Trading information

Kazakhstan's Ministry of Finance on March 3 raised KZT15.2 bn on KASE by placing 17th issue of MEUKAM-084 (KZKD00000881, MUM084_0017) with weighted average yield to maturity of 9.26 % APR

/KASE, March 3, 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 Kazakhstan Stock Exchange (KASE) trading system today. Below are parameters of the bid and results of the special trading session.

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BID PARAMETERS:                                                                   
---------------------------------------------------- ---------------------------
Number of participants:                              7                            
Number of orders submitted (all / active):           19 / 17                      
including:                                                                        
– limit:                                             15 / 14                      
– market:                                            4 / 3                        
Volume of active orders*, mln tenge:                 33,490.5                     
including:                                                                        
– limit:                                             30,370.1                     
– market:                                            3,120.4                      
Bid to ask, %:                                       х 2.2 times                  
"Clean" price on orders submitted, % of face value                                
(on all / on active ones):                                                        
– minimum                                            99.4771                      
– maximum                                            100.7020                     
– weighted average                                   100.2392 / 100.2356          
Yield on orders submitted, % APR (on all / on active ones):                       
– minimum                                            9.2000                       
– maximum                                            9.7000                       
– weighted average                                   9.3878 / 9.3892              
--------------------------------------------------------------------------------
* 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, 99.5 % came from second-tier banks (STBs), 0.5 % – from other legal entities.

OFFERING RESULTS:

--------------------------------------------------- ----------------------------
Volume of orders executed, bonds:                   15,000,000      
Volume of orders executed, tenge:                   15,214,424,820.8
Number of orders executed:                          8               
Number of participants, whose orders were executed: 4               
Volume of orders executed, % of plan:               100.0           
Volume of orders executed, % of bid:                45.3            
"Clean" cut-off price, %:                           100.5046        
"Clean" price in orders executed, % of face value:                  
– minimum                                           100.5046        
– maximum                                           100.7020        
– weighted average                                  100.5587        
Yield at cut-off price, % APR:                      10.1500         
Yield of bonds to maturity for buyer, % APR:                        
– minimum                                           9.2000          
– maximum                                           9.2800          
– weighted average                                  9.2585          
--------------------------------------------------------------------------------

According to Central Securities Depository (Almaty), deals on offering the 17th issue of MEUKAM-084 (KZKD00000881) by the end of settlement of trade results were executed, with 98.9 % bought out by STBs, 1.1 % – by other legal entities.

OFFERING TERMS:

------------------------------------- ------------------------------------------
Trade date:                           March 3, 2021                                  
Current maturity:                     2.9 years (1,047 days)                         
Declared offering volume, KZT mln:    15,000.0                                       
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:                March 3, 2021,                                 
                                      15:00                                          
Limit offset orders execution method: in accordance with                             
                                      item 6 of Article 28 of the Regulations 
                                      on the 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 17th issue of MEUKAM-084 (KZKD00000881, MUM084_0017) made up 163,373,415 bonds with the total face value of KZT163,373,415,000.

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 see more

The Rules of placement of government treasury bonds of the Republic of Kazakhstan are available at see more

[2021-03-03]