/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 13, 2021 on the terms
below (Nur-Sultan time).
OFFERING TERMS:
------------------------------------- ------------------------------------------
Trade date: September 13, 2021
Current maturity: 6.6 years (2,369 days)
Declared offering volume, KZT mln: 25,000.0
Trade subject: "clean" price
Market order execution rate, %*: 70
Order submission method: closed
Order collection time: 09:00–11:00
Order confirmation time: 09:00–11:00
Striking time: before 15:00 (Т+0)
Payment date and time: September 13, 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 TCS ASTS+
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 place
additional bonds worth KZT10,000 mln on KASE trading system in a special
trading session. The additional special trading session 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: 2
Number of orders submitted (all / active): 3 / 3
including:
– limit: 2 / 2
– market: 1 / 1
Volume of active orders*, mln tenge: 10,637.8
including:
– limit: 10,437.8
– market: 200.0
Bid to ask, %: 41.1 %
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 92.8486
– maximum 99.1407
– weighted average 99.0846
Yield on orders submitted, % APR
(on all / on active ones):
– minimum 10.5600
– maximum 12.0000
– weighted average 10.5721
---------------------------------------------------------------------------
* 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 accounted for 0.8%, and
other institutional investors - 99.2%.
OFFERING RESULTS:
-------------------------------------------------- ----------------
Volume of orders executed, bonds: 10,193,231
Volume of orders executed, tenge: 10,550,291,953.9
Number of orders executed: 2
Number of participants, whose orders 2
were executed:
Volume of executed orders, % of plan: 40.8
Volume of executed orders, % of the bid: 99.1
Clean cut-off price, %: 99.1407
"Clean" price in orders executed, % of face value: 99.1407
Yield on cut-off price, % APR: 10.5600
Yield of bonds to maturity for buyer, % APR: 10.5600
-------------------------------------------------------------------
According to Central Securities Depository JSC (Almaty), deals on placement of
the 18th issue of MEUKAM-084 (KZKD00001137, MUM084_0018) were
executed by the end of settlements based on the results of trades, while the
entire volume was puurchased by institutional investors.
Taking into account the earlier offering, the total amount of the 18th issue of
MEUKAM-084 (KZKD00001137, MUM084_0018) made up 58,114,307 bonds
with the total face value of KZT58,114,307,000.
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
[2021-09-13]