/KASE, June 25, 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: 8
Number of orders submitted (all / active): 26 / 23
including:
– limit: 19 / 17
– market: 7 / 6
Volume of active orders*, mln tenge: 51,811.3
including:
– limit: 32,780.3
– market: 19,031.0
Bid to ask, %: x 3.6 times
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 75.3831
– maximum 96.2196
– weighted average 94.4818 / 94.4732
Yield on orders submitted, % APR (on all / on active ones):
– minimum 9.5900
– maximum 20.0000
– weighted average 10.3266 / 10.3303
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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 (STB) accounted for
95.3 %, other institutional investors – for 4.7 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 30,035,222
Volume of orders executed, tenge: 29,124,953,712.0
Number of orders executed: 13
Number of participants, whose orders were executed: 5
Volume of orders executed, % of plan: 200.2
Volume of orders executed, % of bid: 55.2
"Clean" cut-off price, %: 95.8411
"Clean" price in orders executed, % of the face value:
– minimum 95.8411
– maximum 96.2196
– weighted average 96.1867
Yield at cut-off price, % APR: 9.7500
Yield of bonds to maturity for buyer, % APR:
– minimum 9.5900
– maximum 9.7500
– weighted average 9.6013
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According to Central Securities Depository (Almaty), deals on offering of the
first issue of MEUKAM-180 (KZKD00000105) by the end of settlement of trade
results were executed, with 98.3 % purchased by STBs, 1.7 % – by other
institutional investors.
OFFERING TERMS:
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Trade date: June 25, 2021
Current maturity: 2.9 years (1,045 days)
Declared offering volume, mln tenge: 15,000.0
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: June 25, 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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Taking into account the earlier offering, the total amount of the first issue of
MEUKAM-180 (KZKD00000105, MUM180_0001) made up 91,729,304 bonds with the total
face value of KZT91,729,304,000.0.
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
[2021-06-25]