/KASE, January 25, 2023/ – Kazakhstan Stock Exchange (KASE) announces that two
special trading sessions (for the offering and additional offering) of government
long-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan
(MEUKAM) were held in KASE's trading system on January 25, 2023 on the terms
below (Astana time).
OFFERING TERMS
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Trade date: 25.01.23
Current maturity: 11.3 years (4,067 days)
Declared offering volume, mln tenge: 15,000.0
Trade subject: "clean" price
Market order execution ratio, %: 70
Order submission method: closed
Order receipt time: 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
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: 25.01.23
Current maturity: 11.3 years (4,067 days)
Declared additional offering volume, mln KZT: 10,000.0
Trade subject: "clean" price
Market order execution ratio, %: 0
Order submission method: closed
Order collection time: 15:30–16:00
Order confirmation time: 15:30–16:00
Cut-off time: before 17:00 (Т+0)
Payment date: 27.01.22
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
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BID PARAMETERS AT OFFERING:
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Number of participants: 2
Number of orders submitted (all / active): 3 / 3
including:
– limit: 3 / 3
– market: 0 / 0
Volume of active orders*, mln tenge: 7,282.1
including:
– limit: 7,282.1
– market: 0.0
Bid to ask: 66.7 %
"Clean" price on orders submitted, % of face value (on all / active ones):
– minimum 58.8990
– maximum 75.0350
– weighted average 67.1047
Yield on orders submitted, % APR (on all / active ones):
– minimum 12.2500
– maximum 16.2000
– weighted average 13.9740
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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 44.6 %,
other institutional investors – for 55.4 %.
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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: 4,037.6
Bid to ask: 50.0 %
----------------------------------------------------- ----------------
* 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 came from institutional investors.
OFFERING RESULTS:
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Volume of orders executed, bonds: 10,000,000
Volume of orders executed, tenge: 8,075,125,000.0
Number of orders executed: 2
Number of participants, whose orders were executed: 2
Volume of executed orders, % of plan: 66.7
Volume of executed orders, % of the bid: 66.7
"Clean" price in orders executed, % of face value: 75.0350
Yield of bonds to maturity for buyer, % APR: 12.2500
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During the offering, the entire volume was purchased by institutional
investors.
Taking into account the earlier offering, the total volume of MEUKAM-240 of the
second issue (KZKD00000741, MUM240_0002), made up 445,988,985 bonds
for the amount of the face value of KZT445,988,985,000.
Settlements on this offering will be carried out according to the T+2 scheme.
MEUKAM 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/MUM240_0002/
[2023-01-25]