/KASE, November 23, 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 November 23, 2022 on
the terms below (Astana time).
OFFERING TERMS
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Trade date: 23.11.22
Current maturity: 2.7 years (972 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 time: before 15:00 (Т+0)
Payment date and time: 23.11.22, 15:00
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, 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: 23.11.22
Current maturity: 2.7 years (972 days)
Declared additional offering volume, mln tenge: 35,000.0
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: 23.11.22, 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
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BID PARAMETERS AT OFFERING:
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Number of participants: 3
Number of orders submitted (all / active): 9 / 9
including:
– limit: 9 / 9
– market: 0 / 0
Volume of active orders*, mln tenge: 10,821.7
including:
– limit: 10,821.7
– market: 0.0
Bid to ask: 26.5 %
"Clean" price on orders submitted, % of face value (on all / active ones):
– minimum 96.0000
– maximum 99.0854
– weighted average 97.4850
Yield on orders submitted, % APR (on all / active ones):
– minimum 15.7500
– maximum 17.2300
– weighted average 16.5072
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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 94.3 %, the share of other institutional investors – for 5.7 %.
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BID PARAMETERS AT ADDITIONAL OFFERING:
---------------------------------------------------------- ----------------------
Number of participants: 1
Number of orders submitted (all / active): 1 / 1
Volume of active orders*, mln tenge: 20,271.2
Bid to ask: 56.0 %
---------------------------------------------------------- ----------------------
* 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: 25,000,000
Volume of orders executed, tenge: 25,856,124,900.0
Number of orders executed: 7
Number of participants, whose orders were executed: 2
Volume of executed orders, % of plan: 62.5
Volume of executed orders, % of the bid: 82.8
"Clean" price in orders executed, % of face value:
– minimum 98.7673
– maximum 99.0854
– weighted average 98.8183
Yield of bonds to maturity for buyer, % APR:
– minimum 15.7500
– maximum 15.9000
– weighted average 15.8791
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According to the data of Central Securities Depository JSC (Almaty), deals on
placement of METIKAM-36 of the first issue (KZKT00000016, MTM036_0001)
were executed by the end of settlements on the results of trades.
In terms of the main categories of investors during the offering, 20.0 % of the
total volume was purchased by banks, 80.0 % - by other institutional investors.
Taking into account the earlier offering, the total volume of METIKAM-36 of the
first issue (KZKT00000016, MTM036_0001) amounted to 181,065,904 bonds for
the amount of the face value of KZT181,065,904,000.
MEKAM sold by the Ministry of Finance are automatically admitted to circulation
on the secondary market of KASE under the trade code specified in the table.
The bonds must be quoted in the KASE 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/MTM036_0001/
[2022-11-23]