/KASE, April 19, 2021/ – A repeated special trading session for the offering of
government long-term treasury bonds of the Ministry of Finance of the Republic
of Kazakhstan (MEUKAM) was held in the trading system of Kazakhstan Stock Exchange
(KASE) today. Below are parameters of the bid and results of the special trading
session.
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BID PARAMETERS:
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Number of participants: 5
Number of orders submitted (all / active): 10 / 10
including:
– limit: 8 / 8
– market: 2 / 2
Volume of active orders*, mln tenge: 21,387.2
including:
– limit: 16,887.2
– market: 4,500.0
Bid to ask, %: 145.1 %
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 94.0231
– maximum 96.9784
– weighted average 96.5410
Yield on orders submitted, % APR (on all / on active ones):
– minimum 10.5500
– maximum 11.0000
– weighted average 10.6152
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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.
In the total volume of active orders, second-tier banks accounted for 4.5 %,
institutional investors – for 25.4 %, and other legal entities – for 70.1%.
OFFERING RESULTS:
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Volume of orders executed, bonds: 18,750,896
Volume of orders executed, tenge: 18,468,503,094.3
Number of orders executed: 8
Number of participants, whose orders were executed: 3
Volume of orders executed, % of plan: 125.0
Volume of orders executed, % of bid: 86.2
"Clean" cut-off price, %: 96.6434
"Clean" price on orders executed, % of face value:
– minimum 96.6434
– maximum 96.9784
– weighted average 96.7511
Yield at cut-off price, % APR: 10.6000
Yield on bonds to maturity for buyer, % APR:
– minimum 10.5500
– maximum 10.6000
– weighted average 10.5829
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According to Central Securities Depository (Almaty), the deals on offering of
the seventh issue of MEUKAM-156 (KZKD00001103, MUM156_0007) by the end of
settlement of the trade results were executed, whereby 18.8 % were purchased by
institutional investors, 81.2 % – by other legal entities.
OFFERING TERMS:
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Trade date: April 19, 2021
Current maturity: 12.8 years (4,618 days)
Declared offering volume, mln tenge: 15,000.0
Trade subject: "clean" price
Market order execution ratio, %*: 70
Order submission method: closed
Order receipt time: 09:00–11:00
Order confirmation time: 09:00–11:00
Cut-off time: before 15:00 (Т+0)
Payment date and time: April 19, 2021,
15:00
Limit offset orders execution method: in accordance with
item 6 of Article 28 of the Regulations on
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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Taking into account the earlier offering, the total amount of the seventh issue
of MEUKAM-156 (KZKD00001103, MUM156_0007) made up 36,640,896 bonds
with the total face value of KZT36,640,896,000.
MEUKAM sold by the Ministry of Finance are automatically admitted to
circulation on KASE secondary market under the trading code indicated in the
table.
The text of the Rules of issue, placement, circulation, service and maturity of
government treasury bonds of the Republic of Kazakhstan is available on KASE
website 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
[2021-04-19]