/KASE, May 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 May 12, 2021 on the terms below
(Almaty time).
OFFERING TERMS
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Trade date: May 12, 2021
Current maturity: 6.9 years (2,490 days)
Declared offering volume, KZT mln: 15,000.0
Trade subject: "clean" price
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: May 12, 2021,
15:00
Limit offset orders execution method: in accordance with
item 6 of Article 28 of the Regulations on the
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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From 15:30 to 16:00 o'clock, Almaty time, a special trading session for
additional offering of the mentioned bonds was held in KASE's trading
system on the terms below.
ADDITIONAL OFFERING TERMS:
--------------------------------------------------------------------------------
Trade date: May 12, 2021
Current maturity: 6.9 years (2,490 days)
Declared additional offering volume, KZT mln: 15,000.0
Trade subject: "clean" price
Market order execution rate, %: 70
Order submission method: closed
Order collection time: 15:30–16:00
Order confirmation time: 15:30–16:00
Striking time: before 17:00 (Т+0)
Payment date and time: May 12, 2021,
17:00
Limit orders execution method: at prices of limit offset
orders equal to the
cut-off price or
those more favorable for
the seller
--------------------------------------------------------------------------------
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BID PARAMETERS AT OFFERING:
----------------------------------------------------------------------------- ----------------
Number of participants: 5
Number of orders submitted (all / active): 7 / 6
including:
– limit: 7 / 6
– market: 0 / 0
Volume of active orders*, mln tenge: 15,176.7
including:
– limit: 15,176.7
– market: 0
Bid to ask, %: 100.4
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 98.4000
– maximum 100.2001
– weighted average 99.8608
Yield on orders submitted, % APR
(on all / on active ones):
– minimum 10.3500
– maximum 10.7300
– weighted average 10.4209
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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 39.8 %,
other institutional investors – for 56.7 %, other legal entities – for 3.6 %.
BID PARAMETERS AT ADDITIONAL OFFERING:
----------------------------------------------------------------------------- ----------------
Number of participants: 1
Number of orders submitted (all / active): 1 / 1
Nominal volume of active orders*, mln tenge: 2,016.6
Bid to ask, %: 40.0
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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
The entire volume of active orders fell on the share of institutional investors.
OFFERING RESULTS:
----------------------------------------------------------------------------- ----------------
Volume of orders executed, bonds: 16,067,076
Volume of orders executed, tenge: 16,200,635,766.5
Number of orders executed: 6
Number of participants, whose orders 4
were executed:
Volume of executed orders, % of plan: 80.3
Volume of executed orders, % of the bid: 94.1
"Clean" price in orders executed, %
of face value:
– minimum 99.9612
– maximum 100.2001
– weighted average 99.9646
Yield of bonds to maturity for buyer, % APR:
– minimum 10.3500
– maximum 10.4000
– weighted average 10.3994
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According to Central Securities Depository (Almaty), deals on offering of the
18th issue of MEUKAM-084 (KZKD00001137, MUM084_0018) by the end of
settlement of trade results were fully executed, with 31.1 % bought by
banks, 65.5 % – by other institutional investors, 3.4 % – by other legal
entities.
Taking into account the earlier offering, the total amount of the 13th issue of
MEUKAM-084 (KZKD00001137, MUM084_0018) made up 22,554,394 bonds
with the total face value of KZT22,554,394,000.
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
[2021-05-12]