/KASE, March 16, 2022/ – A special trading session for offering of government
short-term treasury bonds of the Ministry of Finance of the Republic of
Kazakhstan (MEKKAM) 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: 9
Number of orders submitted (all / active): 19 / 19
including:
– limit: 16 / 16
– market: 3 / 3
Volume of active orders*, mln tenge: 39,523.6
including:
– limit: 36,135.7
– market: 3,387.9
Bid to ask: х 1.8 times
Price on orders submitted, % of face value
(on all / on active ones):
– minimum 84.7812
– maximum 89.5170
– weighted average 89.1487
Yield on orders submitted, % APR
(on all / active ones):
– minimum 13.7000
– maximum 21.0000
– weighted average 14.2400
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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 85.6 %,
other institutional investors – for 9.9 %, other legal entities – for 4.5 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 70,188,970
Volume of orders executed, tenge: 6,283,106,027.5
Number of orders executed: 5
Number of participants, whose orders were executed: 5
Volume of orders executed, % of plan: 28.1
Volume of orders executed, % of bid: 15.8
"Clean" price in executed orders, % of face value: 89.5170
Yield of bonds to maturity for buyer, % APR: 13.7000
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In terms of the main categories of investors during this offering, 47.8 %
of the total volume fell on banks, 33.7 % – on other institutional investors,
18.5 % - on other legal entities.
Taking into account the earlier offering, the total volume of MEKKAM-12 of
issue 150 (KZK100000266, MKM012_0150) amounted to 504,947,541
bonds for the amount of face value of KZT504,947,541,000.
Settlements for this offering will be carried out according to the T+2 scheme.
MEKAM sold at today's auction will be admitted to circulation on KASE's
secondary market under the trade code indicated in the table on the next working
day after the day of fulfillment of obligations under the deals. The bonds must
be quoted in KASE's trading system in clean prices.
OFFERING TERMS:
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Trade date: March 16, 2022
Current maturity: 314 days
Declared offering volume, mln tenge: 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
Cut-off date and time: March 16, 2022, 15:00
Payment date: March 18, 2022
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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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
[2022-03-16]