Kazakhstan's Ministry of Finance on September 21 placed 40.6 mln MEOKAM-48 of issue 54 (KZK200000729, MOM048_0054) on KASE at weighted average yield to maturity of 13.90 % APR

21.09.22 19:13
/KASE, September 21, 2022/ – Kazakhstan Stock Exchange (KASE) announces that two special trading sessions (for the offering and additional offering) of government mid-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEOKAM) were held in KASE's trading system on September 21, 2022 on the terms below (Nur-Sultan time). OFFERING TERMS ------------------------------------- ------------------------------------------ Trade date: 21.09.22 Current maturity: 4.0 years (1,435 days) Declared offering volume, mln KZT: 40,000.0 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: 21.09.22, 15:00 Payment date: 23.09.22 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 o’clock, 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. ------------------------------------------------------------------- BID PARAMETERS AT OFFERING: -------------------------------------------------- ---------------- Number of participants: 4 Number of orders submitted (all / active): 14 / 14 including: – limit: 14 / 14 – market: 0 / 0 Volume of active orders*, mln tenge: 42,380.9 including: – limit: 42,380.9 – market: 0.0 Bid to ask: 105.7 % "Clean" price on orders submitted, % APR (on all / on active ones): – minimum 99.2497 – maximum 100.0212 – weighted average 99.9790 Yield on orders submitted, % APR (on all / on active ones) – minimum 13.8900 – maximum 14.1500 – weighted average 13.9042 -------------------------------------------------- ---------------- * 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 broker-dealer organizations accounted for 16.5 %, the share of other institutional investors – for 27.8 %, the share of other legal entities – for 55.7 %. OFFERING RESULTS: -------------------------------------------------------------------- Volume of orders executed, bonds: 40,575,560 Volume of orders executed, tenge: 40,681,979,759.3 Number of orders executed: 7 Number of participants, whose orders were executed: 2 Volume of executed orders, % of plan: 101.4 Volume of executed orders, % of the bid: 96.0 "Clean" price in orders executed, % of face value: – minimum 99.9915 – maximum 100.0212 – weighted average 99.9920 Yield of bonds to maturity for buyer, % APR: – minimum 13.8900 – maximum 13.9000 – weighted average 13.8998 -------------------------------------------------------------------- In terms of the main categories of investors in the offering, 17.2 % fell to the share of broker-dealer organizations, 27.5 % - to the share of other institutional investors, 55.3 % - to the share of other legal entities. Taking into account the earlier offering, the total volume of MEOKAM-48 of issue 54 (KZK200000729, MOM048_0054) amounted to 65,808,893 bonds for the amount of the face value of KZT65,808,893,000. 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 https://kase.kz/en/gsecs/show/MOM048_0054/ [2022-09-21]