/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
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Trade date: May 25, 2022
Current maturity: 0.9 years (331 days)
Declared offering volume, mln tenge: 35,000.0
Trade subject: "clean" price
Market order execution ratio, %*: 70
Order submission method: closed
Order receipt 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
Limit offset orders execution method: in accordance with
item 6 of Article 28 of the Regulations
on the Methods of Conducting
Trades in TCSs
Limit orders execution method: at prices of limit offset
orders equal to the
cut-off price or those more
favorable for the seller
Market orders execution method: 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 placement 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: 8
Number of orders submitted (all / active): 12 / 11
including:
– limit: 12 / 11
– market: 0 / 0
Volume of active orders*, mln tenge: 25,343.5
including:
– limit: 25,343.5
– market: 0.0
Bid to ask: 77.9 %
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 92.2175
– maximum 92.9601 / 92.5873
– weighted average 92.5470 / 92.5425
Yield on orders submitted, % APR (on all / active ones):
– minimum 14.0000
– maximum 15.0000
– weighted average 14.5542 / 14.5604
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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 62.4 %,
other institutional investors – for 16.5 %, and other legal entities –
for 21.1 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 22,951,387
Volume of orders executed, tenge: 21,354,817,116.0
Number of orders executed: 8
Number of participants, whose orders were executed: 7
Volume of executed orders, % of plan: 65.6
Volume of executed orders, % of the bid: 84.2
"Clean" price in orders executed, % of face value: 92.5873
Yield of bonds to maturity for buyer, % APR: 14.5000
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In terms of the main categories of investors during the offering, 56.6 % were
bought out by banks, 19.6 % - by other institutional investors, 23.7% - by other
legal entities.
Taking into account the previous offering, the total volume of MEUKAM-144 of
the third issue (KZKD00000378, MUM144_0003) amounted to 231,646,419
bonds for the amount of face value of KZT231,646,419,000.
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/MUM144_0003/
[2022-05-25]