/KASE, August 10, 2022/ – Kazakhstan Stock Exchange (KASE) announces that two
special trading sessions (for the offering and additional offering) of government
short-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan
(MEKKAM) were held in KASE's trading system on August 10, 2022 on the terms
below (Nur-Sultan time).
OFFERING TERMS
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Trade date: August 10, 2022
Declared offering volume, mln tenge: 25,000.0
Trade subject: "clean" price
Market order execution rate, %: 70
Order submission method: closed
Order collection time: 09:00–11:00
Order confirmation time: 09:00–11:00
Cut-off date and time: 10.08.22, 15:00
Payment date: 12.08.22
Method of execution of limit offset orders: pro rata to amounts
of offset orders
Method of execution of limit orders: at single cut-off price
Method of execution of market orders: at single cut-off 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: 10.08.22
Declared additional offering volume, mln tenge: 10,000.0
Trade subject: "clean" price
Market order execution rate, %: 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: 12.08.22
Limit orders execution method: 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: 9
Number of orders submitted (all / active): 17 / 16
including:
– limit: 16 / 15
– market: 1 / 1
Volume of active orders*, mln tenge: 81,164.0
including:
– limit: 80,364.0
– market: 800.0
Bid to ask: х 3.7 times
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 86.2069
– maximum 87.3362
– weighted average 87.0303 / 87.0305
Yield on orders submitted, % APR (on all / on active ones):
– minimum 14.5000
– maximum 16.0000
– weighted average 14.9024 / 14.9022
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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 83.8 %, other
institutional investors – for 15.7 %, and other legal entities – for 0.5 %.
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BID PARAMETERS AT ADDITIONAL OFFERING:
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Number of participants: 4
Number of orders submitted (all / active): 4 / 4
Volume of active orders*, mln tenge: 23,362.4
Bid to ask: х2.7 times
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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 97.2 %,
the share of brokerage and dealer organizations – for 1.7 %, and
the share of other legal entities – for 1.1 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 437,560,015
Volume of orders executed, tenge: 38,214,828,982.0
Number of orders executed: 9
Number of participants, whose orders were executed: 7
Volume of executed orders, % of plan: 175.0
Volume of executed orders, % of the bid: 36.5
"Clean" price in executed orders, % of face value: 87.3362
Yield of bonds to maturity for buyer, % APR: 14.5000
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In terms of the main categories of investors in the offering, banks accounted
for 66.7 %, broker-dealer organizations accounted for 1.0 %, other
institutional investors – for 31.0 %, and other legal entities – for 1.3 %.
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
http://kase.kz/en/gsecs/show/MKM012_0150/
[2022-08-10]