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07.04.2021 18:48 #Trading information

Kazakhstan's Ministry of Finance on April 7 raised KZT2.9 bn on KASE by placing 12th issue of MEUKAM-180 (KZKD00000840, MUM180_0012) at yield of 10.35 % APR

/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 see more

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

[2021-04-07]