/KASE, April 24, 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 21, 2021 on the terms below
(Almaty time).
OFFERING TERMS
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Trade date: April 21, 2021
Current maturity: 5.9 years (2,115 days)
Declared offering volume, mln KZT: 20,000.0
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 21, 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
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From 15:30 to 16:00 o'clock, the issuer planned to additionally place mentioned
bonds in KASE's trading system during a special trading session for the amount
of KZT10,000.0 mln. 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.
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BID PARAMETERS AT OFFERING:
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Number of participants: 5
Number of orders submitted (all / active): 11 / 11
including:
– limit: 8 / 8
– market: 3 / 3
Volume of active orders*, mln tenge: 13,678.7
including:
– limit: 8,478.7
– market: 5,200.0
Bid to ask, %: 71.4%
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 94.0179
– maximum 95.1000
– weighted average 94.6594
Yield on orders submitted, % APR (on all / on active ones):
– minimum 10.1400
– maximum 10.4000
– weighted average 10.2436
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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 (STBs) accounted for
85.4 %, institutional investors – for 7.3 %, and other legal
entities – for 7.3 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 10,267,474
Volume of orders executed, tenge: 9,858,674,025.9
Number of orders executed: 7
Number of participants, whose orders were executed: 4
Volume of orders executed, % of plan: 51.3
Volume of orders executed, % of bid: 71.9
"Clean" cut-off price, %: 94.8372
"Clean" price in orders executed, % of face value:
– minimum 94.8372
– maximum 95.1000
– weighted average 94.8935
Yield at cut-off price, % APR: 10.2000
Yield of bonds to maturity for buyer, % APR:
– minimum 10.1400
– maximum 10.2000
– weighted average 10.1886
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According to Central Securities Depository (Almaty), the deals on offering the
17th issue of MEUKAM-120 (KZKD00000899, MUM120_0017) by the end of
settlement of trade results were executed, whereby 79.7 % were purchased by
STBs, 10.15 % – by institutional investors, 10.15 % – by other legal entities.
Taking into account the previously offering, the total volume of MEUKAM-120 of
issue 17 (KZKD00000899, MUM120_0017) amounted to 176,221,793 bonds for
the total face amount of KZT176,221,793,000.
MEUKAM 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
[2021-04-21]