/KASE, November 16, 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 November 16, 2022 on the terms
below (Astana time).
OFFERING TERMS
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Trade date: 16.11.22
Declared offering volume, mln KZT: 50,000.0
Trade subject: coupon rate
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: 16.11.22, 15:00
Payment date: 18.11.22
Limit offset orders execution method: pro rata to offset
order amounts
Limit orders execution method: at single cut-off price
Market orders execution method: at single cut-off 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: 16.11.22
Declared additional offering volume, mln tenge: 50,000.0
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: 18.11.22
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: 3
Number of orders submitted (all / active): 5 / 5
including:
– limit: 5 / 5
– market: 0 / 0
Volume of active orders*, mln tenge: 2,030.0
including:
– limit: 2,030.0
– market: 0.0
Bid to ask: 4.1 %
Rate of coupon on orders submitted, % APR
(on all / on active ones):
– minimum 15.2500
– maximum 17.0000
– weighted average 16.1663
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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 49.3 %, the share of other legal entities – for 50.7 %.
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BID PARAMETERS AT ADDITIONAL OFFERING:
-------------------------------------------------------------- -----------------
Number of participants: 2
Number of orders submitted (all / active): 2 / 2
Volume of active orders*, mln tenge: 6,500.0
Bid to ask: 13.0 %
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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 institutional investors
accounted for 23.1 %, the share of other legal entities – for 76.9 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 7,505,000
Volume of orders executed, tenge: 7,505,000,000.0
Number of orders executed: 4
Number of participants, whose orders were executed: 3
Volume of executed orders, % of plan: 15.0
Volume of executed orders, % of the bid: 88.0
Rate of coupon on bonds to maturity 15.3500
for buyer, % APR:
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In terms of the main categories of investors during the offering, 20.0 % of the
total volume was purchased by institutional investors, 80.0 % - by other legal
entities.
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
[2022-11-16]