/KASE, October 19, 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 October 19, 2022 on the terms
below (Astana time).
OFFERING TERMS
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Trade date: 19.10.22
Current maturity: 2.3 years (832 days)
Declared offering volume, mln KZT: 30,000.0
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: 19.10.22, 15:00
Payment date: 21.10.22
Limit offset orders execution method: in accordance with
item 6 of Article 28 of the Regulations on
the 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, 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: 19.10.22
Current maturity: 2.3 years (832 days)
Declared additional offering volume, mln tenge: 25,000.0
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: 21.10.22
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:
------------------------------------------ -----------------
Number of participants: 5
Number of orders submitted (all / active): 21 / 15
including:
– limit: 19 / 13
– market: 2 / 2
Volume of active orders*, mln tenge: 11,587.9
including:
– limit: 8,442.9
– market: 3,145.0
Bid to ask: 40.7 %
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 90.1486
– maximum 93.4600
– weighted average 92.9186 / 92.7742
Yield on orders submitted, % APR (on all / on active ones):
– minimum 14.1500
– maximum 16.0000
– weighted average 14.4604 / 14.5254
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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 84.9 %,
other institutional investors – for 6.2 %, other legal entities – for 8.9 %.
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BID PARAMETERS AT ADDITIONAL OFFERING:
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Number of participants: 1
Number of orders submitted (all / active): 1 / 1
Volume of active orders*, mln tenge: 18,441.1
Bid to ask: 77.6 %
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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.
The entire volume of active orders fell on the share of institutional investors.
OFFERING RESULTS:
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Volume of orders executed, bonds: 30,308,527
Volume of orders executed, tenge: 28,810,487,909.3
Number of orders executed: 14
Number of participants, whose orders were executed: 4
Volume of executed orders, % of plan: 101.0
Volume of executed orders, % of the bid: 95.9
"Clean" price in executed orders, % of face value:
– minimum 92.4594
– maximum 93.4600
– weighted average 92.9671
Yield of orders to maturity for buyer, % APR:
– minimum 14.1500
– maximum 14.7000
– weighted average 14.4199
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In terms of the main categories of investors during the offering, 33.5 % were
bought out by banks, 66.5 % - by other institutional investors.
Taking into account the earlier offering, the total volume of MEOKAM-36 of issue
91 (KZK200000695, MOM036_0091) amounted to 227,727,187 bonds for the
amount of face value of KZT227,727,187,000.
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/MOM036_0091/
[2022-10-19]