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21.07.2021 19:28 #Trading information

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

/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 see more

The Rules of placement of government treasury bonds of the Republic of Kazakhstan are available at see more

[2021-07-21]