/KASE, January 4, 2023/ – 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 January 4, 2023 on the terms below (Astana time).
OFFERING TERMS
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Trade date: 04.01.23
Current maturity: 5.9 years (2,114 days)
Declared offering volume, mln tenge: 50,000.0
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: 04.01.23, 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: 04.01.23
Current maturity: 5.9 years (2,114 days)
Declared additional offering volume, mln tenge: 50,000.0
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: 04.01.23, 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:
------------------------------------------------------ -------------------
Number of participants: 2
Number of orders submitted (all / active): 9 / 9
including:
– limit: 9 / 9
– market: 0 / 0
Volume of active orders*, mln tenge: 5,663.7
including:
– limit: 5,663.7
– market: 0.0
Bid to ask: 11.2 %
"Clean" price on orders submitted, % of face value (on all / active ones):
– minimum 98.8573
– maximum 99.7695
– weighted average 99.0358
Yield on orders submitted, % APR (on all / active ones):
– minimum 16.4900
– maximum 16.7400
– weighted average 16.6908
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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 89.3 %, other institutional investors – for 10.7 %.
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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: 10,085.2
Bid to ask: 19.8 %
--------------------------------------------------- ----------------
* 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 institutional investors.
OFFERING RESULTS:
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Volume of orders executed, bonds: 10,000,000
Volume of orders executed, tenge: 10,187,067,777.8
Number of orders executed: 2
Number of participants, whose orders were executed: 1
Volume of executed orders, % of plan: 20.0
Volume of executed orders, % of the bid: 64.5
"Clean" price in orders executed, % of face value: 99.7695
Yield of bonds to maturity for buyer, % APR: 16.4900
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According to the data of Central Securities Depository JSC (Almaty), deals on
placement of METIKAM-72 of the first issue (KZKT00000040, MTM072_0001)
were executed by the end of settlements on the results of trades.
Taking into account the earlier offering, the total volume of METIKAM-72 of the
first issue (KZKT00000040, MTM072_0001) amounted to 110,000,000 bonds for
the amount of the face value of KZT110,000,000,000.
METIKAM 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 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 on
https://kase.kz/en/gsecs/show/MTM072_0001/
[2023-01-04]