Kazakhstan's Ministry of Finance places 16th issue of MEUKAM-120 (KZKD00000865, MUM120_0016) at weighted average yield of 10.43 % APR and raises KZT12.8 bn on KASE on September 10

10.09.21 18:01
/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: ------------------------------------------- ------------------------------------ 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 -------------------------------------------------------------------------------- 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. ------------------------------------------------------------ BID PARAMETERS AT OFFERING: ---------------------------------------------- ------------- 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 ----------------------------------------------------------------- * 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: --------------------------------------------------- ---------------- 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 -------------------------------------------------------------------- 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]