/KASE, April 20, 2022/ – 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 KASE's trading system on
April 20, 2022 on the terms below (Nur-Sultan time).
OFFERING TERMS
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Trade date: April 20, 2022
Current maturity: 5.1 years (1,829 days)
Declared offering volume, KZT mln: 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
Cut-off date and time: April 20, 2022, 15:00
Payment date: April 22, 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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From 15:30 to 16:00 o'clock, Nur-Sultan time, the issuer planned to additionally
place the indicated bonds for the amount of KZT10,000.0 mln in KASE's trading
system during a special trading session. The special trading session on additional
offering was declared invalid 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.
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BID PARAMETERS AT OFFERING:
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Number of participants: 3
Number of orders submitted (all / active): 4 / 4
including:
– limit: 3 / 3
– market: 1 / 1
Volume of active orders*, mln tenge: 16,778.2
including:
– limit: 15,378.2
– market: 1,400.0
Bid to ask: 85.1 %
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 87.4622
– maximum 89.6212
– weighted average 88.9080
Yield on orders submitted, % APR (on all / on active ones):
– minimum 13.3300
– maximum 14.0000
– weighted average 13.5481
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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 28.9 %, other
institutional investors – for 71.7 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 17,028,900
Volume of orders executed, tenge: 16,778,228,856.2
Number of orders executed: 4
Number of participants, whose orders were executed: 3
Volume of executed orders, % of plan: 85.1
Volume of executed orders, % of the bid: 100.0
"Clean" price on orders executed, % of face value:
– minimum 87.4622
– maximum 89.6212
– weighted average 88.9080
Yield of bonds to maturity for buyer, % APR:
– minimum 13.3300
– maximum 14.0000
– weighted average 13.5483
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In terms of the main categories of investors in the offering, 28.9 % fell to the
share of banks, 71.1 % - to the share of other institutional investors.
Taking into account the previous offering, the total volume of MEUKAM-72 of
issue 13 (KZKD00001145, MUM072_0013) amounted to 202,028,953 bonds for
the amount of face value of KZT202,028,953,000.
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 specified in the table on the next
business day after the day of fulfillment of obligations under deals. The bonds
must be quoted in KASE's trading system in clean prices.
The Rules of issue, placement, circulation, service and maturity 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
Detailed information on the issue of these bonds is available at
https://kase.kz/en/gsecs/show/MUM072_0013/
[2022-04-20]