/KASE, March 29, 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 29, 2021 on the terms below
(Almaty time).
OFFERING TERMS
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Trade date: March 29, 2021
Current maturity: 2.8 years (1,021 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 29, 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
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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 KZT12,000.0 mln. 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.
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BID PARAMETERS AT OFFERING:
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Number of participants: 3
Number of orders submitted (all / active): 7 / 7
including:
– limit: 7 / 7
– market: 0 / 0
Volume of active orders*, mln tenge: 15,206.9
including:
– limit: 15,206.9
– market: 0
Bid to ask, %: 75.0
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 99.3454
– maximum 100.1814
– weighted average 99.8223
Yield on orders submitted, % APR (on all / on active ones):
– minimum 9.4000
– maximum 9.7500
– weighted average 9.5498
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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.
The entire volume of active orders originated from second-tier banks.
OFFERING RESULTS:
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Volume of orders executed, bonds: 8,000,000
Volume of orders executed, tenge: 8,124,672,555.6
Number of orders executed: 4
Number of participants, whose orders were executed: 2
Volume of orders executed, % of plan: 40.0
Volume of orders executed, % of bid: 53.3
"Clean" cut-off price, %: 99.9415
"Clean" price in orders executed, % of face value:
– minimum 99.9415
– maximum 100.1814
– weighted average 100.0015
Yield at cut-off price, % APR: 9.4000
Yield of bonds to maturity for buyer, % APR:
– minimum 9,4000
– maximum 9,5000
– weighted average 9,4750
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According to Central Securities Depository (Almaty), the 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 previously offering, the total volume of MEUKAM-084 of
issue 17 (KZKD00000881, MUM084_0017) amounted to 203,636,455 bonds for the total
face amount of KZT203,636,455,000.
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 redemption 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
[2021-03-29]