Kazakhstan's Ministry of Finance on March 5 raised KZT3.0 bn on KASE by placing 17th issue of MEUKAM-084 (KZKD00000881, MUM084_0017) at average weighted yield of 9.26 % APR

05.03.21 21:13
/KASE, March 5, 2021/ – Kazakhstan Stock Exchange (KASE) announces that two special trading sessions (for the offering and additional offering) of government long-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEUKAM) were held in the trading system of Kazakhstan Stock Exchange (KASE) on March 5, 2021 on the terms below (Almaty time). OFFERING TERMS ------------------------------------- ------------------------------------------ Trade date: March 5, 2021 Current maturity: 2.9 years (1,045 days) Declared offering volume, KZT mln: 20,000.0 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 5, 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 ------------------------------------------------------------------------------------- From 15:30 to 16:00 o'clock, the issuer planned to additionally place mentioned bonds in KASE's trading system during a special trading session for the amount of KZT17,000.0 mln. However, the special trading session for additional offering was declared invalid, due to the fact that at the end of the order collection period there were no active orders in KASE's trading system. ----------------------------------------------------------------------------- BID PARAMETERS AT OFFERING: ------------------------------------------------------- --------------------- Number of participants: 4 Number of orders submitted (all / active): 9 / 9 including: – limit: 8 / 8 – market: 1 / 1 Volume of active orders*, mln tenge: 14,122.0 including: – limit: 12,122.0 – market: 2,000.0 Bid to ask, %: 69.8 "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 99.9626 – maximum 100.5757 – average weighted 100.2153 Yield on orders submitted, % APR (on all / on active ones): – minimum 9.2500 – maximum 9.5000 – average weighted 9.3966 ------------------------------------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants. The total volume of active orders originated from second-tier banks. OFFERING RESULTS: --------------------------------------------------- --------------- Volume of orders executed, bonds: 2,956,403 Volume of orders executed, tenge: 2,999,998,707.3 Number of orders executed: 4 Number of participants, whose orders were executed: 2 Volume of executed orders, % of plan: 14.8 Volume of executed orders, % of the bid: 21.2 "Clean" cut-off price, %: 100.5264 "Clean" price in orders executed, % of face value: – minimum 100.5264 – maximum 100.5757 – average weighted 100.5510 Yield at cut-off price, % APR: 9.2700 Yield of bonds to maturity for buyer, % APR: – minimum 9.2500 – maximum 9.2700 – average weighted 9.2600 ------------------------------------------------------------------- According to Central Securities Depository (Almaty), deals on offering the 17th issue of MEUKAM-084 (KZKD00000881, MUM084_0017) by the end of settlement of trade results were executed. Taking into account the earlier offering, the total amount of the 17th issue of MEUKAM-084 (KZKD00000881, MUM084_0017) made up 166,329,818 bonds with the total face value of KZT166,329,818,000. MEKAM sold by the Ministry of Finance are automatically admitted to circulation on KASE's secondary market under the trading code indicated in the table. In this case, bonds must be quoted in the KASE's trading system at clean prices. The Rules of issue, placement, circulation, service and maturity of government treasury bonds of the Republic of Kazakhstan are available 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 [2021-03-05]