/KASE, August 13, 2021/ – Kazakhstan Stock Exchange (KASE) announces that
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 on the trading system of Kazakhstan Stock Exchange
(KASE) today. Below are parameters of the bid and results of the special trading
session.
--------------------------------------------------------------------------------
OFFERING TERMS:
--------------------------------------------------------------------------------
Number of participants: 6
Number of orders submitted (all / active): 16 / 16
including:
– limit: 15 / 15
– market: 1 / 1
Volume of active orders*, mln tenge: 24,104.2
including:
– limit: 22,104.2
– market: 2,000.0
Bid to ask: х2.6 times
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 90.0414
– maximum 90.7452
– weighted average 90.4154
Yield on orders submitted, % APR (on all / on active
ones):
– minimum 10.2500
– maximum 10.5000
– weighted average 10.3668
--------------------------------------------------------------------------------
* 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 92.2 %, other
institutional investors – for 2.1 %, and other legal entities for 5.7%.
OFFERING RESULTS:
--------------------------------------------------- ----------------
Volume of orders executed, bonds: 25,218,216
Volume of orders executed, tenge: 23,188,567,652.4
Number of orders executed: 15
Number of participants, whose orders were executed: 6
Volume of orders executed, % of plan: 252.2
Volume of orders executed, % of bid: 96.2
"Clean" cut-off price, %: 90.3221
"Clean" price in orders executed, % of face value:
– minimum 90.3221
– maximum 90.7452
– weighted average 90.4317
Cut-off price yield, % per annum: 10.40000
Yield of bonds to maturity for buyer, % APR:
– minimum 10.2500
– maximum 10.4000
– weighted average 10.3610
--------------------------------------------------------------------
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 91.9 % purchased by STBs,
2.2 % – by other institutional investors, by other legal entities 6.0 %.
OFFERING TERMS:
------------------------------------------- ------------------------------------
Trade date: August 13, 2021
Current maturity: 3.8 years (1,364 days)
Declared offering volume, mln tenge: 10,000
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: 13.08.21, 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
--------------------------------------------------------------------------------
Taking into account the earlier offering, the total amount of the 16th issue of
MEUKAM-120 (KZKD00000865, MUM120_0016) made up 184,103,619 bonds
with the total face value of KZT184,103,619,000.0.
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.
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
[2021-08-13]