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25.10.2021 18:59 #Trading information

Kazakhstan's Ministry of Finance on October 25 raised KZT18.2 bn on KASE by placing 15th issue of MEUKAM-180 (KZKD00001186, MUM180_0015) with weighted average yield to maturity of 10.82 % APR

/KASE, October 25, 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 25, 2021 on the terms below (Nur-Sultan time).

OFFERING TERMS

------------------------------------------- ------------------------------------
Trade date:                                 October 25, 2021                               
Current maturity:                           14.8 years (5,340 days)                        
Declared offering volume, mln KZT:          30,000.0                                       
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                                    
Striking time:                              before 15:00 (Т+0)                             
Payment date and time:                      October 25, 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:                               2               
Number of orders submitted (all / active):            3 / 3           
including:                                                            
– limit:                                              2 / 2           
– market:                                             1 / 1           
Volume of active orders*, mln tenge:                  18,214.7        
including:                                                            
– limit:                                              17,214.7        
– market:                                             1,000.0         
Bid to ask:                                           59.8 %          
"Clean" price on orders submitted, % of face value                    
 (on all / on active ones):                                           
– minimum                                             99.6348         
– maximum                                             99.7794         
– weighted average                                    99.6516         
Yield on orders submitted, % APR (on all / on active ones):           
– minimum                                             10.8000         
– maximum                                             10.8200         
– weighted average                                    10.8177         
---------------------------------------------------- ----------------
* active orders – orders not annulled by trade participants           
at expiry of order submission period including those                  
confirmed by Confirmation System participants.                        

The entire volume of active orders fell on the share of institutional investors.

OFFERING RESULTS:

----------------------------------------------------- ----------------
Volume of orders executed, bonds:                     17,954,691      
Volume of orders executed, tenge:                     18,214,719,144.7
Number of orders executed:                            3               
Number of participants, whose orders were executed:   2               
Volume of orders executed, % of plan:                 59.8            
Volume of orders executed, % of bid:                  100.0           
"Clean" cut-off price, %:                             99.6348         
"Clean" price in orders executed, % of face value:                    
– minimum                                             99.6348         
– maximum                                             99.7794         
– weighted average                                    99.6516         
Yield at cut-off price, % APR:                        10.8200         
Yield of bonds to maturity for buyer, % APR:                          
– minimum                                             10.8000         
– maximum                                             10.8200         
– weighted average                                    10.8178         
----------------------------------------------------------------------

According to Central Securities Depository (Almaty), deals on offering of the 15th issue of MEUKAM-180 (KZKD00001186, MUM180_0015) by the end of settlement of trade results were executed in full.

Taking into account the earlier offering, the total amount of the 15th issue of MEUKAM-180 (KZKD00001186, MUM180_0015) made up 43,925,739 bonds with the total face value of KZT43,925,739,000.

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 see more

The Rules of placement of government treasury bonds of the Republic of Kazakhstan are available at see more

[2021-10-25]