/KASE, June 16, 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 16, 2021 on the terms below (Nur-Sultan time).
OFFERING TERMS
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Trade date: June 16, 2021
Current maturity: 13.7 years (4,944 days)
Declared offering volume, mln tenge: 10,000.0
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: June 16, 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 ALT, the issuer planned to additionally place 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 and clearing
system.
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BID PARAMETERS AT OFFERING:
-------------------------------------------------------- --------------------
Number of participants: 2
Number of orders submitted (all / active): 3 / 3
including:
– limit: 2 / 2
– market: 1 / 1
Volume of active orders*, mln tenge: 2,975.7
including:
– limit: 2,475.7
– market: 500.0
Bid to ask, %: 30.1 %
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 96.0507
– maximum 96.7345
– average weighted 96.1880
Yield on orders submitted, % APR (on all / on active ones):
– minimum 10.7000
– maximum 10.8000
– average weighted 10.7798
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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, brokers and dealers accounted for 33.6 %,
other institutional investors – for 66.4 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 1,005,350
Volume of orders executed, tenge: 999,999,862.4
Number of orders executed: 2
Number of participants, whose orders were executed: 1
Volume of executed orders, % of plan: 10.1
Volume of executed orders, % of the bid: 33.4
"Clean" cut-off price, %: 96.7345
"Clean" price in orders executed, % of face value: 96.7345
Yield at cut-off price, % APR: 10.7000
Yield of bonds to maturity for buyer, % APR: 10.7000
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According to Central Securities Depository (Almaty), deals on offering the fifth
issue of MEUKAM-168 (KZKD00001111, MUM168_0005) by the end of settlement of
trade results were executed.
Taking into account the earlier offering, the total amount of the fifth issue of
MEUKAM-168 (KZKD00001111, MUM168_0005) made up 6,220,138 bonds with the total
face value of KZT6,220,138,000.
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
[2021-06-16]