/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
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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
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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.
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BID PARAMETERS AT OFFERING:
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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
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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 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:
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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
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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]