/KASE, June 14, 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 June 14, 2021 on the terms below (Nur-Sultan time).
OFFERING TERMS
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Trade date: June 14, 2021
Current maturity: 5.9 years (2,135 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: June 14, 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, Almaty time, the issuer planned to additionally
offer the 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: 3
Number of orders submitted (all / active): 4 / 4
including:
– limit: 4 / 4
– market: 0 / 0
Volume of active orders*, mln tenge: 6,022.2
including:
– limit: 6,022.2
– market: 0
Bid to ask: 40.0 %
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 99.5414
– maximum 99.7540
– weighted average 99.6477
Yield on orders submitted, % APR (on all / on active ones):
– minimum 10.4500
– maximum 10.5000
– weighted average 10.4750
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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 66.6 %,
other institutional investors – for 33.4 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 3,000,000
Volume of orders executed, tenge: 3,014,286,666.7
Number of orders executed: 2
Number of participants, whose orders were executed: 2
Volume of orders executed, % of plan: 20.0
Volume of orders executed, % of bid: 50.0
"Clean" cut-off price, %: 99.7540
"Clean" price in orders executed, % of face value: 99.7540
Yield at cut-off price, % APR: 10.4500
Yield of bonds to maturity for buyer, % APR: 10.4500
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According to Central Securities Depository (Almaty), deals on offering of the
13th issue of MEUKAM-072 (KZKD00001145, MUM072_0013) by the end of settlement of
trade results were executed, with 33.3 % purchased by STB, 66.7 % – by other
institutional investors.
Taking into account the earlier offering, the total amount of the 13th issue of
MEUKAM-072 (KZKD00001145, MUM072_0013) made up 22,140,000 bonds
with the total face value of KZT22,140,000,000.
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 redemption
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
[2021-06-14]