/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
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Trade date: August 3, 2022
Current maturity: 1.9 years (681 days)
Declared offering volume, mln tenge: 30,000.0
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
Striking date and time: 03.08.22, 15:00
Payment date: 05.08.22
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
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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:
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Trade date: August 3, 2022
Current maturity: 1.9 years (681 days)
Declared additional offering volume, mln tenge: 10,000.0
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
Striking time: before 17:00 (Т+0)
Payment date: August 5, 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
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BID PARAMETERS AT OFFERING:
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Number of participants: 7
Number of orders submitted (all / active): 21 / 21
including:
– limit: 21 / 21
– market: 0 / 0
Volume of active orders*, mln tenge: 43,614.6
including:
– limit: 43,614.6
– market: 0.0
Bid to ask: 161.0 %
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 88.5925
– maximum 89.8745
– weighted average 89.4299
Yield on orders submitted, % APR (on all / active ones):
– minimum 14.1000
– maximum 15.0000
– weighted average 14.4095
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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, the share of banks accounted for 95.2 %,
the share of brokerage and dealer organizations – for 1.0 %, the share of
other institutional investors – for 1.3 %, the share of other legal
entities – for 2.5 %.
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BID PARAMETERS AT ADDITIONAL OFFERING:
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Number of participants: 2
Number of orders submitted (all / active): 2 / 2
Volume of active orders*, mln tenge: 8,979.1
Bid to ask: 99.0 %
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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, the share of institutional investors
accounted for 98.0 %, the share of other legal entities – for 2.0 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 29,200,000
Volume of orders executed, tenge: 26,483,825,800.0
Number of orders executed: 13
Number of participants, whose orders were executed: 5
Volume of executed orders, % of plan: 97.3
Volume of executed orders, % of the bid: 50.2
"Clean" price in orders executed, % of face value:
– minimum 89.7306
– maximum 89.8745
– weighted average 89.8268
Yield of bonds to maturity for buyer, % APR:
– minimum 14.1000
– maximum 14.2000
– weighted average 14.1321
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In terms of the main categories of investors during offering, 61.6% were bought
out by banks, 34.3% - by other institutional investors, 4.1% - by other legal
entities.
Taking into account the earlier offering, the total volume of MEUKAM-180 of the
second issue (KZKD00000139, MUM180_0002) amounted to 302,086,950 bonds
for the amount of the face value of KZT302,086,950,000.
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/MUM180_0002/
[2022-08-03]