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

07.04.21 18:48
/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]