/KASE, May 25, 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 25, 2022 on the terms below (Nur-Sultan time).
OFFERING TERMS
------------------------------------------- ------------------------------------
Trade date: May 25, 2022
Current maturity: 2.0 years (715 days)
Declared offering volume, mln tenge: 40,000.0
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 25, 2022, 15:00
Payment date: May 27, 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 25, 2022
Current maturity: 2.0 years (715 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 27, 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: 4
Number of orders submitted (all / active): 14 / 13
including:
– limit: 11 / 11
– market: 3 / 2
Volume of active orders*, mln tenge: 7,658.9
including:
– limit: 2,958.9
– market: 4,700.0
Bid to ask: 21.2 %
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 89.8250
– maximum 90.2760
– weighted average 90.0055
Yield on orders submitted, % APR (on all / on active ones):
– minimum 14.0000
– maximum 14.3000
– weighted average 14.1796
----------------------------------------------- -----------
* 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 75.7 %,
and other institutional investors – for 24.3 %.
--------------------------------------------------------------------------------
BID PARAMETERS AT ADDITIONAL OFFERING:
------------------------------------------------------------------- ------------
Number of participants: 2
Number of orders submitted (all / active): 2 / 2
Volume of active orders*, mln tenge: 31,696.6
Bid to ask: 100.1 %
------------------------------------------------------------------- ------------
* 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 on the share of institutional investors.
OFFERING RESULTS:
--------------------------------------------------------------------------------
Volume of orders executed, bonds: 40,878,983
Volume of orders executed, tenge: 36,967,897,656.8
Number of orders executed: 7
Number of participants, whose orders were executed: 4
Volume of executed orders, % of plan: 102.2
Volume of executed orders, % of the bid: 93.9
"Clean" price in executed orders, % of face value: 90.2760
Yield of orders to maturity for buyer, % APR: 14.0000
--------------------------------------------------------------------------------
In terms of the main categories of investors during the offering, 10.8 % fell to
the share of banks, 89.2 % - to the share of other institutional investors..
Taking into account the earlier offering, the total volume of MEUKAM-180 of
first issue (KZK200000695, MOM036_0091) amounted to 211,126,025 bonds for the
amount of face value of KZT211,126,025,000.
Settlements on 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 working
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/MUM180_0001/
[2022-05-25]