Kazakhstan's Ministry of Finance on September 21 raised KZT100.5 mln by placing METIKAM-48 of first issue (KZKT00000024, MTM048_0001) at yield to maturity of 15.15 % APR

21.09.22 19:11
/KASE, September 21, 2022/ – Kazakhstan Stock Exchange (KASE) announces that two special trading sessions (for the offering and additional offering) of government TONIA rate-indexed treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (METIKAM) were held in KASE's trading system on September 21, 2022 on the terms below (Astana time). OFFERING TERMS ------------------------------------- ------------------------------------------ Trade date: 21.09.22 Current maturity: 4.0 years (1,428 days) Declared offering volume, mln tenge: 40,000.0 Trade subject: "clean" price Market order execution rate, %*: 70 Order submission method: closed Order collection period: 09:00–11:00 Order confirmation period: 09:00–11:00 Cut-off date and time: 21.09.22, 15:00 Payment date: 21.09.22 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 Astana time the issuer planned to additionally offer the mentioned bonds in KASE's trading system under special trading sessions for the amount of KZT40,000.0 mln. The special trading session on additional offering 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. ADDITIONAL OFFERING TERMS: --------------------------------------------------------------------------- Trade date: 21.09.22 Current maturity: 4.0 years (1,428 days) Declared additional offering volume, mln tenge: 40,000.0 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 and time: 21.09.22, 17:00 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: 2 Number of orders submitted (all / active): 9 / 9 including: – limit: 9 / 9 – market: 0 / 0 Volume of active orders*, mln tenge: 9,573.7 including: – limit: 9,573.7 – market: 0.0 Bid to ask: 24.0 % "Clean" price on orders submitted, % of face value (on all/active ones): – minimum 98.9706 – maximum 99.9801 – weighted average 99.2206 Yield on orders submitted, % APR (on all / active ones): – minimum 15.1500 – maximum 15.5000 – weighted average 15.4128 ----------------------------------------------------------------------- * 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 93.7 %, and other institutional investors – for 6.3 %. OFFERING RESULTS: ----------------------------------------------------------------- Volume of orders executed, bonds: 100,000 Volume of orders executed, tenge: 100,485,066.7 Number of orders executed: 1 Number of participants, whose orders were executed: 1 Volume of executed orders, % of plan: 0.3 Volume of executed orders, % of the bid: 1.0 "Clean" price in orders executed, % of face value: 99.9801 Yield of bonds to maturity for buyer, % APR: 15.1500 ----------------------------------------------------------------- According to the data of Central Securities Depository JSC (Almaty), deals on placement of METIKAM-48 of the first issue (KZKT00000024, MTM048_0001) were executed by the end of settlements on the results of trades. The entire volume during the offering was purchased by institutional investors. Taking into account the earlier placement, the total volume of METIKAM-48 of the first issue (KZKT00000024, MTM048_0001) amounted to 25,100,000 bonds for the amount of the face value of KZT25,100,000,000. MEKAM sold at today's auction will be admitted to circulation on KASE's secondary market under the trade code specified in the table. 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 More details on the said bond issue are available on https://kase.kz/en/gsecs/show/MTM048_0001/ [2022-09-21]