Kazakhstan's Ministry of Finance on September 24 raised KZT15.2 bn on KASE by placing ninth issue of MEUKAM-144 (KZKD00001178, MUM144_0009) at yield of 10.76 % APR

24.09.21 19:56
/KASE, September 24, 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 in the trading system of Kazakhstan Stock Exchange (KASE) on September 24, 2021 on the terms below (Nur-Sultan time). OFFERING TERMS ------------------------------------- ------------------------------------------ Trade date: September 24, 2021 Current maturity: 11.9 years (4,289 days) Declared offering volume, mln tenge: 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 24, 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 in KASE's trading system during a special trading session for the amount of KZT10,000.0 mln. The special trading session for additional offering was declared failed, due to the fact that at the end of the order collection period there were no active orders in KASE's trading and clearing system. ----------------------------------------------------------- BID PARAMETERS AT OFFERING: ---------------------------------------------- ------------ Number of participants: 2 Number of orders submitted (all / active): 2 / 2 including: – limit: 2 / 2 – market: 0 / 0 Volume of active orders*, mln tenge: 20,227.4 including: – limit: 20,227.4 – market: 0 Bid to ask: 66.4 % "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 91.8659 – maximum 99.4996 – weighted average 99.4616 Yield on orders submitted, % APR (on all / on active ones): – minimum 10.7600 – maximum 12.0000 – weighted average 10.7657 ----------------------------------------------------------- * 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, STBs accounted for 0.5 %, other institutional entities – for 99.5 %. OFFERING RESULTS: --------------------------------------------------- ---------------- Volume of orders executed, bonds: 15,099,581 Volume of orders executed, tenge: 15,163,018,534.1 Number of orders executed: 3 Number of participants, whose orders were executed: 2 Volume of orders executed, % of plan: 75.5 Volume of orders executed, % of bid: 99.5 "Clean" cut-off price, %: 99.4996 "Clean" price in orders executed, % of face value: 99.4996 Yield at cut-off price, % APR: 10.7600 Yield of bonds to maturity for buyer, % APR: 10.7600 -------------------------------------------------------------------- According to Central Securities Depository (Almaty), the deals on offering the ninth issue of MEUKAM-144 (KZKD00001178, MUM144_0009) by the end of settlement of trade results were executed in full, with the entire volume purchased by institutional investors. Taking into account the previous offering, the total volume of MEUKAM-144 of the ninth issue (KZKD00001178, MUM144_0009) amounted to 20,099,581 bonds for the total face amount of KZT20,099,581,000. 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 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 [2021-09-24]