/KASE, September 6, 2021/ – Kazakhstan Stock Exchange (KASE) announces
that two special trading sessions for the offering and additional offering of
government mid-term treasury bonds of the Ministry of Finance of the
Republic of Kazakhstan (MEOKAM) were held on the trading system of
Kazakhstan Stock Exchange (KASE) on September 6, 2021 on the terms below
(Nur-Sultan time).
OFFERING TERMS:
------------------------------------- ------------------------------------------
Trade date: September 6, 2021
Maturity: 4.9 years (1,768 days)
Declared offering volume, mln KZT: 20,000,0
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
Cut-off time: before 15:00 (Т+0)
Payment date and time: September 6, 2021, 15:00
Limit offset orders execution method: in accordance with
item 6 of Article 28 of the Regulations
on the Methods of Conducting
Trades in TCSs
Limit orders execution method: at prices of limit offset
orders equal to the cut-off
price or those more
favorable for the seller
Market orders execution method: at weighted average price
--------------------------------------------------------------------------------
From 15:30 to 16:00 o'clock, Nur-Sultan time, the issuer planned to
additionally offer the mentioned bonds on KASE's trading system in a special
trading session for KZT10,000.0 mln. The special trading session for the
additional offering was declared invalid, due to the fact that at the end of
the order collection period there were no active orders on KASE's trading
system.
--------------------------------------------------------------------------------
BID PARAMETERS AT OFFERING:
--------------------------------------------------------------------------------
Number of participants: 5
Number of orders submitted (all / active): 18 / 18
including:
– limit: 14 / 14
– market: 4 / 4
Volume of active orders*, mln tenge: 28,084.5
including:
– limit: 22,474.5
– market: 5,610.0
Bid to ask: 140.3 %
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 92.7978
– maximum 100.2822
– weighted average 99.1757
Yield on orders submitted, % APR (on all / on active ones):
– minimum 10.4200
– maximum 12.5000
– weighted average 10.7098
--------------------------------------------------------------
* 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
80.9 %, broker-dealer organizations – 7.2 %, and other institutional investors –
11.9%.
OFFERING RESULTS:
--------------------------------------------------- ----------------
Volume of orders executed, bonds: 20,503,390
Volume of orders executed, tenge: 20,712,393,288.7
Number of orders executed: 12
Number of participants, whose orders were executed: 5
Volume of orders executed, % of plan: 102.5
Volume of orders executed, % of bid: 73.1
"Clean" cut-off price, %: 99.9805
"Clean" price in orders executed, % of face value:
– minimum 99.9805
– maximum 100.2822
– weighted average 100.0860
Yield at cut-off price, % APR: 10.5000
Yield of bonds to maturity for buyer, % APR:
– minimum 10.4200
– maximum 10.5000
– weighted average 10.4714
--------------------------------------------------------------------
According to Central Securities Depository (Almaty), deals on the placement of
issue 52 of MEOKAM-060 (KZK200000679, MOM060_0052) by the end of
settlements based on the results of trades were executed, while 74.2 % were
acquired by STBs, 9.7 % - by broker-dealer organizations, 16.1% - other
institutional investors.
Taking into account the previous offering, the total volume of issue 52 of
MEOKAM-060 (KZK200000679, MOM060_0052) amounted to 38,546,401 bonds
for the total face amount of KZT38,546,401,000.
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 redemption 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
[2021-09-06]