/KASE, April 7, 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 April 7, 2021 on the terms below (Almaty time).
OFFERING TERMS
------------------------------------------- ------------------------------------
Trade date: April 7, 2021
Current maturity: 8.8 years (3,177 days)
Declared offering volume, mln tenge: 10,000.0
Trade subject: "clean" price
Market order execution ratio, %: 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: April 7, 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
--------------------------------------------------------------------------------
From 15:30 to 16:00 o'clock ALT, the issuer planned to additionally place the
mentioned bonds in KASE's trading system during a special trading session
for the amount of KZT7,000.0 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
and clearing system.
-----------------------------------------------------------------------------
BID PARAMETERS AT OFFERING:
--------------------------------------------------- -------------------------
Number of participants: 2
Number of orders submitted (all / active): 9 / 6
including:
– limit: 7 / 5
– market: 2 / 1
Volume of active orders*, mln tenge: 6,275.6
including:
– limit: 4,275.6
– market: 2,000.0
Bid to ask, %: 73.4
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 83.2285
– maximum 84.9658
– average weighted 84.2599 / 84.1689
Yield on orders submitted, % APR (on all / on active ones):
– minimum 10.3500
– maximum 10.7000
– average weighted 10.4908 / 10.5090
--------------------------------------------------------------------------------
* 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: 3,317,233
Volume of orders executed, tenge: 2,863,097,167.8
Number of orders executed: 2
Number of participants, whose orders were executed: 1
Volume of executed orders, % of plan: 33.2
Volume of executed orders, % of the bid: 45.2
"Clean" cut-off price, %: 84.9658
"Clean" price in orders executed, % of face value: 84.9658
Yield at cut-off price, % APR: 10.3500
Yield of bonds to maturity for buyer, % APR: 10.3500
-------------------------------------------------------------------
According to Central Securities Depository (Almaty), deals on offering the 12th
issue of MEUKAM-180 (KZKD00000840, MUM180_0012) by the end of settlement of trade
results were executed.
Taking into account the earlier offering, the total amount of the 12th issue of
MEUKAM-180 (KZKD00000840, MUM180_0012) made up 628,907,251 bonds
with the total face value of KZT628,907,251,000.
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
[2021-04-07]