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29.06.2022 21:28 #Trading information

Ministry of Finance of Kazakhstan placed 12.0 mln MEUKAM-72 of issue 13 (KZKD00001145, MUM072_0013) with weighted average yield to maturity of 13.62% APR on KASE on June 29

/KASE, June 29, 2022/ – Kazakhstan Stock Exchange (KASE) informs that on June 29, 2022 two sessions of specialized trades (on placement and additional placement) of government long-term treasury bills of the Ministry of Finance of the Republic of Kazakhstan (MEUKAM) were held in the trade system of KASE on the following terms (Nur-Sultan time).

TERMS OF PLACEMENT:

-------------------------------------------------- ------------------------------------------------------------------------------------------------------------------
Trading date:                                      June 29, 2022                                                                                                     
Term to maturity:                                  4,9 years (1,760 days)                                                                                            
Announced volume of placement, KZT million:        20,000.0                                                                                                          
Trading subject:                                   "clean" price                                                                                                     
Market order satisfaction rate, %:                 70                                                                                                                
Method of orders submission:                       Closed                                                                                                            
Time of acceptance of bids:                        09:00–11:00                                                                                                       
Time of orders confirmation:                       09:00–11:00                                                                                                       
Cut-off time:                                      June 29, 2022, 15:00                                                                                              
Payment date and time:                             July 1, 2022                                                                                                      
Method of satisfying limited                       in accordance with item 6
Articles 28 of the Regulations on the methods
of Trading in trading
and Clearing systems
The method of satisfying limited requests 
orders:                                            at the prices of limited
                                                   counter-orders equal
                                                   to the cut-off price or being 
                                                  more profitable for the seller       
Market order satisfaction method:                  at a weighted average price                                                                                       
---------------------------------------------------------------------------------------------------------------------

From 15:30 to 16:00, Nursultan time, specialized trading sessions were held in KASE trading system for the placement of these bonds on the following conditions.

TERMS AND CONDITIONS OF SUPPLEMENTARY PLACEMENT:

---------------------------------------------------- -------------------------------------------------------------------
Trading date:                                        June 29, 2022                                                                                             
Term to maturity:                                    4.9 years (1,760 days)                                                                                    
Pledged volume of additional placement, KZT million: 20,000.0                                                                                                  
Trading subject:                                     "clean" price                                                                                             
Market order satisfaction rate, %:                   0                                                                                                         
Method of orders submission:                         Closed                                                                                                    
Time of acceptance of orders:                        15:30–16:00                                                                                               
Time of orders confirmation:                         15:30–16:00                                                                                               
Cut-off time:                                        before 17:00 (Т+0)                                                                                        
Payment date:                                        July 1, 2022                                                                                              
Method of satisfying limited orders                  at the prices of limited
counter orders equal
to the cut-off price or
being more
profitable for the seller
---------------------------------------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DEMAND PARAMETERS DURING PLACEMENT:                                                                                                                                                           
------------------------------------------------------------------------------------------------------------------ ---------------------------------------------------------------------------
Number of participants:                                                                                            2                                                                          
Number of orders submitted (total / active),                                                                       9 / 9                                                                      
including:                                                                                                                                                                                    
– limited:                                                                                                         9 / 9                                                                      
– market:                                                                                                          0 / 0                                                                      
Volume of active applications*, million tenge,                                                                     3,241.9                                                                    
including:                                                                                                                                                                                    
– limited:                                                                                                         3,241.9                                                                    
– market:                                                                                                          0.0                                                                        
Demand to supply:                                                                                                  18.0 %                                                                     
"Clean" price for submitted orders, % of nominal value (for all / active):                                                                                                                    

– minimum 88.2433 – maximum 89.0269 – weighted average 88.8390 Yield on submitted orders, % per annum (for all / active):

– minimum 13.6000 – maximum 13.8500 – weighted average 13.6596 --------------------------------------------------------------------------- * active orders– orders not cancelled by bidders at the time of expiration of the period submission of applications, including those confirmed by the participants of the Confirmation System.

Banks accounted for 83.4% of the total volume of active orders, while other institutional investors accounted for 16.6%.

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DEMAND PARAMETERS DURING PLACEMENT:                                                                                                                                                              
------------------------------------------------------------------------------------------------------------------- -----------------------------------------------------------------------------
Number of participants:                                                                                             2                                                                            
Number of orders submitted (total / active):                                                                        3 / 2                                                                        
Volume of active orders*, million KZT:                                                                              9,829.9                                                                      
Demand to supply:                                                                                                   54.5 %                                                                       
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
* active orders - orders that have not been cancelled by trading participants 
orders at the time of expiry of the trading period, including confirmed by participants 
of the Confirmation System.

Banks accounted for 9.2% of total active orders and other institutional investors for 90.8%.

PLACEMENT RESULTS:

--------------------------------------------------- ----------------
Volume of satisfied orders, bonds:                  12,000,000      
Volume of satisfied orders, tenge:                  10,821,952,300.0
Number of satisfied orders:                         4               
Number of participants whose orders were satisfied: 2               
Volume of satisfied orders, % of plan:              60.0            
Volume of satisfied orders, % of demand:            82.8            
"Net" price in satisfied orders, % of face value:                   
- minimum                                           88.9639         
- maximum                                           89.0269         
- average weighted                                  88.9696         
Yield to maturity for buyer, % APR:                                 
- minimum                                           13.6000         
- maximum                                           13.6200         
- weighted average                                  13.6198         
--------------------------------------------------------------------

In terms of main investor categories, 16.7% were purchased by banks and 83.3% by other institutional investors.

Taking into account the previously conducted placement, the total volume of MEUKAM-72 issue 13 (KZKD00001145, MUM072_0013) amounted to 254,628,932 bonds for a nominal value of 254,628,932,000 tenge.

Settlement of this offering will be made by 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 execution of liabilities on trades. At that, bonds should be quoted in KASE's trade system in clean prices.

Rules for the issue, placement, circulation, servicing and redemption of state treasury bonds of the Republic of Kazakhstan are published at see more

The rules for the placement of State Treasury Bills of the Republic of Kazakhstan are published at

see more

Details of the bond issue can be found here see more

[2022-06-29]