Kazakhstan's Ministry of Finance on April 12 raised KZT2.5 bn on KASE by placing 18th issue of MEUKAM-084 (KZKD00001137, MUM084_0018) at 10.40 % APR

12.04.21 22:06
/KASE, April 12, 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 12, 2021 on the terms below (Almaty time). OFFERING TERMS ------------------------------------- ------------------------ Trade date: April 12, 2021 Declared offering volume, KZT mln: 15,000.0 Trade subject: coupon rate 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: April 12, 2021, 15:00 Limit offset orders execution method: pro rata to amounts of offset orders Limit orders execution method: at single cut-off price Market orders execution method: at single cut-off price -------------------------------------------------------------- From 15:30 to 16:00 o'clock, the issuer planned to additionally place the mentioned bonds in KASE's trading system during a special trading session for the amount of KZT13,000.0 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): 10 / 9 including: – limit: 9 / 8 – market: 1 / 1 Volume of active orders*, mln tenge: 7,795.0 including: – limit: 7,565.0 – market: 230.0 Bid to ask, %: 52.0 Rate of coupon on orders submitted, % APR (on all / on active ones): – minimum 10.0000 – maximum 15.0000 – weighted average 10.6784 / 10.6213 ------------------------------------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants. In the total volume of active orders, second-tier banks (STBs) accounted for 93.6%, and institutional investors – 6.4%. OFFERING RESULTS: --------------------------------------------------- --------------- Volume of orders executed, bonds: 2,495,000 Volume of orders executed, tenge: 2,495,000,000.0 Number of orders executed: 4 Number of participants, whose orders were executed: 4 Volume of orders executed, % of plan: 16.6 Volume of orders executed, % of bid: 32.0 Rate of coupon of bonds to 10.4000 maturity for buyer, % APR: ------------------------------------------------------------------- According to Central Securities Depository (Almaty), the deals on offering the 18th issue of MEUKAM-084 (KZKD00001137, MUM084_0018) by the end of settlement of trade results were executed, with 80.2 % purchased by STB, 19.8 % – by institutional investors. 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 [2021-04-12]