Kazakhstan's Ministry of Finance on July 21 raised KZT11.2 bn on KASE by placing 13th issue of MEUKAM-180 (KZKD00000931, MUM180_0013) at weighted average yield of 10.67 % APR

21.07.21 19:28
/KASE, July 21, 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 July 21, 2021 on the terms below (Almaty time). OFFERING TERMS ------------------------------------------- ------------------------------------ Trade date: July 21, 2021 Current maturity: 11.7 years (4,213 days) Declared offering volume, mln tenge: 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: July 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 TCSs 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 -------------------------------------------------------------------------------- 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: July 21, 2021 Current maturity: 11.7 years (4,213 days) Declared additional offering volume, mln tenge: 18,000.0 Trade subject: "clean" price Market order execution ratio, %: 0 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: July 21, 2021, 17:00 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 --------------------------------------------------------------------------- ----------------------------------------------------------------------------- BID PARAMETERS AT OFFERING: -------------------------------------------------------- -------------------- Number of participants: 3 Number of orders submitted (all / active): 4 / 4 including: – limit: 4 / 4 – market: 0 Volume of active orders*, mln tenge: 4,049.0 including: – limit: 4,049.0 – market: 0 Bid to ask, %: 22.8 % "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 85.4801 – maximum 86.9404 – weighted average 86.2479 Yield on orders submitted, % APR (on all / on active ones): – minimum 10.6500 – maximum 10.9000 – weighted average 10.7676 -------------------------------------------------------------------------------- * 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, institutional investors accounted for 69.9 %, individuals – for 12.3 %. ---------------------------------------------------------------------- BID PARAMETERS AT ADDITIONAL OFFERING: ----------------------------------------------------- ---------------- Number of participants: 1 Number of orders submitted (all / active): 2 / 2 Nominal volume of active orders*, mln tenge: 10,000.0 Bid to ask, %: 55.6 ----------------------------------------------------- * 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: 12,558,560 Volume of orders executed, tenge: 11,230,120,655.7 Number of orders executed: 5 Number of participants, whose orders were executed: 2 Volume of executed orders, % of plan: 62.8 Volume of executed orders, % of the bid: 86.3 "Clean" price in orders executed, % of face value: – minimum 86.8223 – maximum 86.9404 – weighted average 86.8481 Yield of bonds to maturity for buyer, % APR: – minimum 10.6500 – maximum 10.6700 – weighted average 10.6691 ---------------------------------------------------------------------- According to Central Securities Depository (Almaty), deals on offering of the 13th issue of MEUKAM-180 (KZKD00000931, MUM180_0013) by the end of settlement of trade results were fully executed, with 95.5 % bought by institutional investors, 4.5 % – by individuals. Taking into account the earlier offering, the total amount of the 13th issue of MEUKAM-180 (KZKD00000931, MUM180_0013) made up 82,576,472 bonds with the total face value of KZT82,576,472,000. 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 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 [2021-07-21]