/KASE, December 13, 2021/ – A repeated special trading session for the offering
of government long-term treasury bonds of the Ministry of Finance of the
Republic of Kazakhstan (MEUKAM) 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: 2
Number of orders submitted (all / active): 4 / 4
including:
– limit: 4 / 4
– market: 0 / 0
Volume of active orders*, mln tenge: 23,645.1
including:
– limit: 23,645.1
– market: 0.0
Bid to ask, %: 115.0 %
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 98.7179
– maximum 98.8679
– weighted average 98.8483
Yield on orders submitted, % APR (on all / on active ones):
– minimum 10.7500
– maximum 10.7800
– weighted average 10.7539
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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 34.8%, other institutional
investors – for 65.2%.
OFFERING RESULTS:
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Volume of orders executed, bonds: 20,000,000
Volume of orders executed, tenge: 20,564,830,000.0
Number of orders executed: 3
Number of participants, whose orders were executed: 2
Volume of orders executed, % of plan: 100.0
Volume of orders executed, % of bid: 87.0
"Clean" cut-off price, %: 98.8679
"Clean" price in orders executed, % of the face value: 98.8679
Yield at cut-off price, % APR: 10.7500
Yield of bonds to maturity for buyer, % APR: 10.7500
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According to Central Securities Depository (Almaty), deals on offering of the
12th issue of MEUKAM-096 (KZKD00001160, MUM096_0012) by the end of
settlement of trade results were executed.
In terms of the main categories of investors in this placement, 25.0 % of
the total volume fell on banks, 75.0 % - on other institutional investors.
OFFERING TERMS:
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Trade date: December 13, 2021
Current maturity: 7.6 years (2,745 days)
Declared offering volume, mln KZT: 20,000.0
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: December 13, 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 12th issue of
MEUKAM-096 (KZKD00001160, MUM096_0012) made up 57,579,835 bonds with the total
face value of KZT57,579,835,000.
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
[2021-12-13]