Kazakhstan's Ministry of Finance on October 18 raised KZT7.3 bn on KASE by placing 13th issue of MEUKAM-072 (KZKD00001145, MUM072_0013) at yield to maturity of 10.65 % APR

18.10.21 18:57
/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]