/KASE, October 27, 2021/ – A repeated special trading session for the offering
of government mid-term treasury bonds of the Ministry of Finance of the
Republic of Kazakhstan (MEOKAM) was held in the trading system of Kazakhstan
Stock Exchange (KASE) today. Below are parameters of the bid and results of the
special trading session.
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BID PARAMETERS:
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Number of participants: 6
Number of orders submitted (all / active): 14 / 13
including:
– limit: 14 / 13
– market: 0 / 0
Volume of active orders*, mln tenge: 38,293.7
including:
– limit: 38,293.7
– market: 0
Bid to ask: 188.4 %
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 98.1472
– maximum 99.4164
– weighted average 99.1763 / 99.1891
Yield on orders submitted, % APR (on all / on active ones):
– minimum 10.6500
– maximum 11.0000
– weighted average 10.7157 / 10.7122
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* 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, banks accounted for 69.0 %, and other
institutional investors – 31.0 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 31,687,000
Volume of orders executed, tenge: 32,237,994,784.3
Number of orders executed: 7
Number of participants, whose orders were executed: 4
Volume of orders executed, % of plan: 158.4
Volume of orders executed, % of bid: 84.1
"Clean" cut-off price, %: 99.2338
"Clean" price in orders executed, % of the face value:
– minimum 99.2338
– maximum 99.4164
– weighted average 99.3180
Yield at cut-off price, % APR: 10.7000
Yield of bonds to maturity for buyer, % APR:
– minimum 10.6500
– maximum 10.7000
– weighted average 10.6769
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According to Central Securities Depository (Almaty), the deals on offering of
the 52nd issue of MEUKAM-060 (KZK200000679, MOM060_0052) by the end of
settlement of trade results were executed.
In terms of the main categories of investors, during this offering, 63.1% of
the total volume fell on banks, 36.9 % - on other institutional investors.
OFFERING TERMS:
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Trade date: October 27, 2021
Current maturity: 4.8 years (1,717 days)
Declared offering volume, mln KZT: 20,000.0
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 27, 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
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Taking into account the earlier offering, the total amount of the 52nd issue of
MEOKAM-060 (KZK200000679, MOM060_0052) made up 99,442,724 bonds with the total
face value of KZT99,442,724,000.
MEUKAM sold by the Ministry of Finance are automatically admitted to circulation
on KASE secondary market under the trading code indicated in the table.
The text of the Rules of issue, placement, circulation, service and maturity of
government treasury bonds of the Republic of Kazakhstan is available on KASE
website 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
[2021-10-27]