/KASE, January 25, 2023/ – A special trading session for offering of government
mid-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan
(MEOKAM) was held in the trading system of Kazakhstan Stock Exchange (KASE) today.
Below are the bid parameters and results of the special trading session.
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BID PARAMETERS:
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Number of participants: 12
Number of orders submitted (all / active): 48 / 46
including:
– limit: 43 / 41
– market: 5 / 5
Volume of active orders*, mln tenge: 139,597.2
including:
– limit: 122,997.2
– market: 16,600.0
Bid to ask: х2.8 times
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 99.3321
– maximum 100.4631
– weighted average 99.8821 / 99.8890
Yield on orders submitted, % APR
(on all / active ones):
– minimum 16.4000
– maximum 17.1000
– weighted average 16.7579 / 16.7540
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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 88.0 %,
brokers and dealers – for 1.2 %, other institutional investors –
for 5.9 %, other legal entities – for 4.9 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 96,325,265
Volume of orders executed, tenge: 96,986,883,087.3
Number of orders executed: 34
Number of participants, whose orders were executed: 11
Volume of executed orders, % of plan: 192.7
Volume of executed orders, % of the bid: 69.4
"Clean" price in orders executed, % of face value:
– minimum 99.9763
– maximum 100.4631
– weighted average 100.0374
Yield of bonds to maturity for buyer, % APR:
– minimum 16.4000
– maximum 16.7000
– weighted average 16.6620
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In terms of the main categories of investors during the offering, 83.2 % of the
total volume was purchased by banks, 1.7 % - by brokerage and dealer organizations,
8.5 % - by other institutional investors, 6.6 % - by other legal entities.
Taking into account the earlier offering, the total volume of MEOKAM-24 issue
87 (KZK200000745, MOM024_0087) amounted to 130,325,265 bonds for the
amount of the face value of KZT130,325,265,000.
Settlements for this offering will be carried out according to the T+2 scheme.
MEOKAM 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
business day after the day of fulfillment of obligations under deals. The bonds
must be quoted in KASE's trading system in clean prices.
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OFFERING TERMS:
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Trade date: 25.01.23
Current maturity: 2.0 years (708 days)
Declared offering volume, mln KZT: 50,000.0
Trade subject: "clean" price
Market order execution ratio, %: 70
Order submission method: closed
Order collection period: 09:00–11:00
Order confirmation time: 09:00–11:00
Cut-off date and time: 25.01.23, 15:00
Payment date: 27.01.23
Method of execution of limit offset orders: in accordance with
item 6 of Article 28 of the Regultions
on Methods of Conducting
Trades in TCSs
Method of execution of limit orders: at prices of limit offset
orders equal to the cut-off
price or those more
favorable for the seller
Method of execution of market orders: at weighted average price
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The Rules of issue, placement, circulation, service and maturity of government
treasury obligations 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
Details of the mentioned bond issue are available at
https://kase.kz/en/gsecs/show/MOM024_0087/
[2023-01-25]