/KASE, July 27, 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 27, 2021 on the terms below (Nur-Sultan time).
OFFERING TERMS
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Trade date: July 27, 2021
Current maturity: 3.8 years (1,380 days)
Declared offering volume, mln tenge: 25,000.0
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
Striking time: before 15:00 (Т+0)
Payment date and time: July 27, 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
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From 15:30 to 16:00 o'clock, Nur-Sultan 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:
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Trade date: July 27, 2021
Current maturity: 3.8 years (1,380 days)
Declared additional offering volume, mln tenge: 10,000
Trade subject: "clean" price
Market order execution ratio, %: 0
Order submission method: closed
Order receipt time: 15:30–16:00
Order confirmation time: 15:30–16:00
Striking time: before 17:00 (Т+0)
Payment date and time: July 27, 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
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BID PARAMETERS AT OFFERING:
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Number of participants: 3
Number of orders submitted (all / active): 7 / 7
including:
– limit: 6 / 6
– market: 1 / 1
Volume of active orders*, mln tenge: 13,777.3
including:
– limit: 13,317.3
– market: 460.0
Bid to ask: 60.0 %
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 90.5234
– maximum 91.1530
– weighted average 90.6436
Yield on orders submitted, % APR (on all / on active ones):
– minimum 10.0800
– maximum 10.3000
– weighted average 10.2578
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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 (STBs) accounted for
80.0 %, and other institutional investors – for 20.0 %.
BID PARAMETERS AT ADDITIONAL OFFERING:
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Number of participants: 1
Number of orders submitted (all / active): 3 / 3
Nominal volume of active orders*, mln tenge: 6,000.0
Bid to ask, %: 60.0
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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
The entire volume of active orders fell on other institutional investors.
OFFERING RESULTS:
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Volume of orders executed, bonds: 21,000,851
Volume of orders executed, tenge: 19,287,931,589.0
Number of orders executed: 10
Number of participants, whose orders were executed: 3
Volume of orders executed, % of plan: 84.0
Volume of orders executed, % of bid: 100.0
"Clean" price in orders executed, % of face value:
– minimum 90.5234
– maximum 91.1530
– weighted average 90.6436
Yield of bonds to maturity for buyer, % APR:
– minimum 10.0800
– maximum 10.3000
– weighted average 10.2585
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According to Central Securities Depository (Almaty), deals on offering of the
16th issue of MEUKAM-120 (KZKD00000865, MUM120_0016) by the end of
settlement of trade results were executed, with 57.2 % purchased by STBs,
42.8 % – by other institutional investors.
Taking into account the earlier offering, the total amount of the 16th issue of
MEUKAM-120 (KZKD00000865, MUM120_0016) made up 130,779,470 bonds with the total
face value of KZT130,779,470,000.0.
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
[2021-07-27]