Kazakhstan's Ministry of Finance on October 13 raised KZT12.2 bn on KASE by placing 52nd issue of MEOKAM-060 (KZK200000679, MOM060_0052) at weighted average yield to maturity of 10.59 % APR

13.10.21 18:11
/KASE, October 13, 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 in the trading system of Kazakhstan Stock Exchange (KASE) on October 13, 2021 on the terms below (Nur-Sultan time). OFFERING TERMS ------------------------------------------- ------------------------------------ Trade date: October 13, 2021 Current maturity: 4.8 years (1,731 days) Declared offering volume, mln KZT: 25,000.0 Trade subject: "clean" price Market order execution ratio, %: 70 Order submission method: closed Order collection time: 09:00–11:00 Order confirmation time: 09:00–11:00 Cut-off time: before 15:00 (Т+0) Payment date and time: October 13, 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 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 KZT15,000.0 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: 4 Number of orders submitted (all / active): 7 / 7 including: – limit: 7 / 7 – market: 0 / 0 Volume of active orders*, mln tenge: 19,288.1 including: – limit: 19,288.1 – market: 0 Bid to ask: 76.0 % "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 99.2676 – maximum 99.6356 – weighted average 99.5039 Yield on orders submitted, % APR (on all / on active ones): – minimum 10.5900 – maximum 10.6900 – weighted average 10.6257 ----------------------------------------------------------- * 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 42.0 %, other institutional investors – for 58.0 %. OFFERING RESULTS: --------------------------------------------------- ---------------- Volume of orders executed, bonds: 12,000,000 Volume of orders executed, tenge: 12,197,036,000.0 Number of orders executed: 4 Number of participants, whose orders were executed: 3 Volume of orders executed, % of plan: 48.0 Volume of orders executed, % of bid: 63.2 "Clean" cut-off price, %: 99.5988 "Clean" price in orders executed, % of face value: – minimum 99.5988 – maximum 99.6356 – weighted average 99.6295 Yield at cut-off price, % APR: 10.6000 Yield of bonds to maturity for buyer, % APR: – minimum 10.5900 – maximum 10.6000 – weighted average 10.5917 -------------------------------------------------------------------- According to Central Securities Depository (Almaty), the deals on offering the 52nd issue of MEOKAM-060 (KZK200000679, MOM060_0052) by the end of settlement of trade results were executed. In the context of the main categories of investors, during the offering 8.3 % of the total volume fell on STBs, 91.7 % - on other institutional investors. Taking into account the previous offering, the total volume of MEOKAM-060 of the 52nd issue (KZK200000679, MOM060_0052) amounted to 67,755,724 bonds for the total face amount of KZT67,755,724,000. 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 [2021-10-13]