/KASE, October 18, 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 October 18, 2021 on the terms below (Nur-Sultan time).
OFFERING TERMS
------------------------------------------- ------------------------------------
Trade date: October 18, 2021
Current maturity: 5.6 years (2,011 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: October 18, 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 KZT20,000.0 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: 3
Number of orders submitted (all / active): 6 / 4
including:
– limit: 4 / 3
– market: 2 / 1
Volume of active orders*, mln tenge: 7,380.2
including:
– limit: 7,280.2
– market: 100.0
Bid to ask: 28.6 %
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 93.6037
– maximum 98.8591
– weighted average 98.8144
Yield on orders submitted, % APR (on all / on active ones):
– minimum 10.6500
– maximum 12.0000
– weighted average 10.6609
---------------------------------------------------------------
* active orders – orders not annulled by trade participants
at expiry of order submission period including those
confirmed by Confirmation System participants.
OFFERING RESULTS:
--------------------------------------------------- ---------------
Volume of orders executed, bonds: 7,096,933
Volume of orders executed, tenge: 7,321,447,629.6
Number of orders executed: 3
Number of participants, whose orders were executed: 3
Volume of orders executed, % of plan: 28.4
Volume of orders executed, % of bid: 99.2
"Clean" cut-off price, %: 98.8591
"Clean" price in orders executed, % of face value: 98.8591
Yield at cut-off price, % APR: 10.6500
Yield of bonds to maturity for buyer, % APR: 10.6500
-------------------------------------------------------------------
According to Central Securities Depository (Almaty), the deal on offering the
13th issue of MEUKAM-072 (KZKD00001145, MUM072_0013) by the end of
settlement of trade results was executed in full.
In the context of the main categories of investors, 70.5% of the total volume of
the placement fell on banks, 29.5% - on other institutional investors.
Taking into account the previous offering, the total volume of MEUKAM-072 of
the 13th issue (KZKD00001145, MUM072_0013) amounted to 66,364,237 bonds
for the total face amount of KZT66,364,237,000.
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
[2021-10-18]