Kazakhstan's Ministry of Finance on August 3 placed 11.5 mln MEUKAM-156 of fifth issue (KZKD00000758, MUM156_0005) on KASE at yield to maturity of 13.85 % APR

03.08.22 19:03
/KASE, August 3, 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 August 3, 2022 on the terms below (Nur-Sultan time). OFFERING TERMS ------------------------------------- ------------------------------------------ Trade date: August 3, 2022 Current maturity: 4.9 years (1,757 days) Declared offering volume, mln tenge: 20,000.0 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: 03.08.22, 15:00 Payment date: 05.08.22 Limit offset orders execution method: in accordance with item 6 of Article 28 of the Regulations on 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 -------------------------------------------------------------------------------- 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: August 3, 2022 Current maturity: 4.9 years (1,757 days) Declared additional offering volume, mln tenge: 20,000.0 Trade subject: "clean" price Market order execution ratio, %: 0 Order submission method: closed Order receipt time: 15:30–16:00 Order confirmation time: 15:30–16:00 Cut-off time: before 17:00 (Т+0) Payment date: August 5, 2022 Limit orders execution method: 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): 12 / 11 including: – limit: 12 / 11 – market: 0 / 0 Volume of active orders*, mln tenge: 12,297.1 including: – limit: 12,297.1 – market: 0.0 Bid to ask: 80.5,% "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 73.7981 – maximum 78.3593 – weighted average 75.6164 / 75.4461 Yield on orders submitted, % APR (on all / active ones): – minimum 13.8500 – maximum 15.5000 – weighted average 14.8191 / 14.8816 ---------------------------------------------------------------------- * 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 92.9 %, other institutional investors – for 3.9 %, and other legal entities – for 3.2 %. ------------------------------------------------------------------------ BID PARAMETERS AT ADDITIONAL OFFERING: ------------------------------------------------------ ----------------- Number of participants: 2 Number of orders submitted (all / active): 2 / 2 Volume of active orders*, mln tenge: 8,246.5 Bid to ask: 52.0 % ------------------------------------------------------ ----------------- * 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, institutional investors accounted for 95.2 %, and other legal entities – for 4.8 %. OFFERING RESULTS: ------------------------------------------------------------------------ Volume of orders executed, bonds: 11,500,000 Volume of orders executed, tenge: 9,118,700,750.0 Number of orders executed: 4 Number of participants, whose orders were executed: 3 Volume of executed orders, % of plan: 57.5 Volume of executed orders, % of the bid: 43.4 "Clean" price in orders executed, % of face value: 78.3593 Yield of bonds to maturity for buyer, % APR: 13.8500 ------------------------------------------------------------------------ In terms of the main categories of investors during the offering, 8.7 % were bought out by banks, 87.0 % - by institutional investors, 4.3 % - by other legal entities. Taking into account the earlier offering, the total volume of MEUKAM-156 of the fifth issue (KZKD00000758, MUM156_0005) amounted to 342,106,398 bonds for the amount of the nominal value of KZT342,106,398,000. 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/MUM156_0005/ [2022-08-03]