Kazakhstan's Ministry of Finance on May 18 placed 17.8 mln MEUKAM-120 of 17th issue (KZKD00000899, MUM120_0017) on KASE at weighted average yield to maturity of 13.62 % APR

18.05.22 19:07
/KASE, May 18, 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 May 18, 2022 on the terms below (Nur-Sultan time). OFFERING TERMS ------------------------------------------- ------------------------------------ Trade date: May 18, 2022 Current maturity: 4.8 years (1,728 days) Declared offering volume, mln KZT: 35,000.0 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 date and time: May 18, 2022, 15:00 Payment date: May 20, 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 -------------------------------------------------------------------------------- From 15:30 to 16:00 o'clock, Nur-Sultan time, a special trading session for additional offering of the mentioned bonds was held in KASE's trading system on the terms below. ADDITIONAL OFFERING TERMS: ------------------------------------------------------------------------- Trade date: May 18, 2022 Current maturity: 4.8 years (1,728 days) Declared additional offering volume, mln KZT: 35,000.0 Trade subject: "clean" price Market order execution ratio, %: 0 Order submission method: closed Order collection time: 15:30–16:00 Order confirmation time: 15:30–16:00 Cut-off time: before 17:00 (Т+0) Payment date: May 20, 2022 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 ------------------------------------------------------------------------- ----------------------------------------------------------- BID PARAMETERS AT OFFERING: ----------------------------------------------- ----------- Number of participants: 2 Number of orders submitted (all / active): 8 / 8 including: – limit: 7 / 7 – market: 1 / 1 Volume of active orders*, mln tenge: 1,053.9 including: – limit: 753.9 – market: 300.0 Bid to ask: 3.6 % "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 77.6178 – maximum 84.4371 – weighted average 81.9146 Yield on orders submitted, % APR (on all / active ones): – minimum 13.6000 – maximum 16.0000 – weighted average 14.4443 --------------------------------------------------------------------- * 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 22.6 %, and other institutional investors – for 77.4 %. --------------------------------------------------------------------------------- BID PARAMETERS AT ADDITIONAL OFFERING: ---------------------------------------------------------- ---------------------- Number of participants: 1 Number of orders submitted (all / active): 1 / 1 Volume of active orders*, mln tenge: 14,914.7 Bid to ask: 49.4 % ---------------------------------------------------------- --------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants. The entire volume of active orders fell to the share of institutional investors. OFFERING RESULTS: --------------------------------------------------------------------------------- Volume of orders executed, bonds: 17,847,978 Volume of orders executed, tenge: 15,387,116,541.3 Number of orders executed: 4 Number of participants, whose orders were executed: 2 Volume of executed orders, % of plan: 51.0 Volume of executed orders, % of the bid: 96.2 "Clean" price in orders executed, % of face value: – minimum 84.2870 – maximum 84.4371 – weighted average 84.3621 Yield of bonds to maturity for buyer, % APR: – minimum 13.6000 – maximum 13.6500 – weighted average 13.6201 --------------------------------------------------------------------------------- During the offering, the entire volume was purchased by institutional investors. Taking into account the earlier offering, the total volume of MEUKAM-120 of the 17th issue (KZKD00000899, MUM120_0017) amounted to 216,444,662 bonds for the amount of the face value of KZT216,444,662,000. 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/MUM120_0017/ [2022-05-18]