/KASE, September 13, 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 on the trading system of
Kazakhstan Stock Exchange (KASE) on September 10, 2021 on the terms
below (Nur-Sultan time).
OFFERING TERMS:
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Trade date: September 10, 2021
Current maturity: 3.7 years (1,337 days)
Declared offering volume, mln tenge: 5,000.0
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: September 10, 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, Nur-Sultan time, the issuer planned to place additional
bonds on KASE trading system in a special trading session for the amount of
KZT10,000.0 mln, which was declared invalid, due to the fact that at the end of
the period for accepting orders on KASE trading and clearing system there were
no active orders.
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BID PARAMETERS AT OFFERING:
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Number of participants: 6
Number of orders submitted (all / active): 15 / 15
including:
– limit: 13 / 13
– market: 2 / 2
Volume of active orders*, mln tenge: 19,179.4
including:
– limit: 17,929.4
– market: 1,250.0
Bid to ask: х4.2 times
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 84.8915
– maximum 90.7716
– weighted average 89.7077
Yield on orders submitted, % APR (on all / on active ones):
– minimum 10.2900
– maximum 12.5000
– weighted average 10.6719
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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 98.5 %, and other
institutional investors – for 1.5 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 13,889,828
Volume of orders executed, tenge: 12,841,640,924.8
Number of orders executed: 13
Number of participants, whose orders were executed: 5
Volume of orders executed, % of plan: 277.8
Volume of orders executed, % of bid: 66.5
"Clean" striking price, %: 90.1897
"Clean" price in orders executed, % of face value:
– minimum 90.1897
– maximum 90.7716
– weighted average 90.3936
Striking price yield, % per annum: 10.5000
Yield of bonds to maturity for buyer, % APR:
– minimum 10.2900
– maximum 10.5000
– weighted average 10.4265
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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 97.8 % purchased by STBs,
2.2 % – by other institutional investors.
Taking into account the earlier offering, the total volume of the 16th issue of
MEUKAM-120 (KZKD00000865, MUM120_0016) made up 197,993,447 bonds
with the total face value of KZT197,993,447,000.
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 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
[2021-09-10]