Kazakhstan's Ministry of Finance on November 24 raised KZT27.0 bn on KASE by placing fifth issue of MEUKAM-168 (KZKD00001111, MUM168_0005) at yield to maturity of 10.85 % APR

24.11.21 21:16
/KASE, November 24, 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 November 24, 2021 on the terms below (Nur-Sultan time). OFFERING TERMS ------------------------------------- ------------------------------------------ Trade date: November 24, 2021 Current maturity: 13.3 years (4,786 days) Declared offering volume, mln tenge: 25,000.0 Trade subject: "clean" price Market order execution ratio, %: 70 Order submission method: closed Order receipt time: 09:00–11:00 Order confirmation time: 09:00–11:00 Cut-off time: before 15:00 (Т+0) Payment date and time: November 24, 2021, 15:00 Limit offset orders execution method: in accordance with item 6 of Article 28 of the Regulations on the Methods of Conducting Trades in TCSs Limit orders execution method: at prices of limit offset orders equal to the cut-off price or those more favorable for the seller Market orders execution method: 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 KZT5,000.0 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 system. ----------------------------------------------------------- BID PARAMETERS AT OFFERING: ---------------------------------------------- ------------ Number of participants: 2 Number of orders submitted (all / active): 5 / 5 including: – limit: 3 / 3 – market: 2 / 2 Volume of active orders*, mln tenge: 27,599.5 including: – limit: 22,699.5 – market: 4,900.0 Bid to ask: 107.2 % "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 95.5658 – maximum 95.7656 – weighted average 95.7603 Yield on orders submitted, % APR (on all / on active ones): – minimum 10.8500 – maximum 10.8800 – weighted average 10.8508 ---------------------------------------------------------------- * 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, institutional investors accounted for 74.6 %, and other legal entities – for 25.4 %. OFFERING RESULTS: --------------------------------------------------- ---------------- Volume of orders executed, bonds: 26,213,740 Volume of orders executed, tenge: 26,999,508,507.1 Number of orders executed: 4 Number of participants, whose orders were executed: 2 Volume of orders executed, % of plan: 104.9 Volume of orders executed, % of bid: 97.8 "Clean" cut-off price, %: 95.7656 "Clean" price in orders executed, % of face value: 95.7656 Yield at cut-off price, % APR: 10.8500 Yield of bonds to maturity for buyer, % APR: 10.8500 -------------------------------------------------------------------- According to Central Securities Depository (Almaty), the deals on offering the fifth issue of MEUKAM-168 (KZKD00001111, MUM168_0005) by the end of settlement of trade results were executed. In terms of the main categories of investors, during the offering 76.3 % fell on institutional investors, 23.7 % - on other legal entities. Taking into account the previous offering, the total volume of MEUKAM-168 of the fifth issue (KZKD00001111, MUM168_0005) amounted to 140,094,873 bonds for the total face amount of KZT140,094,873,000. 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 [2021-11-24]