Kazakhstan's Ministry of Finance on February 1 placed 88.0 mln MEUKAM-96 of 12th issue (KZKD00001160, MUM096_0012) on KASE at weighted average yield to maturity of 15.55 % APR

01.02.23 20:58
/KASE, February 1, 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 February 1, 2023 on the terms below (Astana time). OFFERING TERMS ------------------------------------------- ------------------------------------- Trade date: 01.02.23 Current maturity: 6.5 years (2,337 days) Declared offering volume, mln KZT: 50,000.0 Trade subject: "clean" price Market order execution ratio, %: 70 Order submission method: closed Order collection time: 09:00–11:00 Order confirmation time: 09:00–11:00 Cut-off date and time: 01.02.23, 15:00 Payment date: 03.02.23 Method of execution of limit offset orders: in accordance with item 6 of Article 28 of the Regulations on the 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 --------------------------------------------------------------------------------- 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: ------------------------------------------------------------------------- Trade date: 01.02.23 Current maturity: 6.5 years (2,337 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: 03.02.23 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 ------------------------------------------------------------------------- -------------------------------------------------------------------------- BID PARAMETERS AT OFFERING: ------------------------------------------------- ------------------------ Number of participants: 9 Number of orders submitted (all / active): 41 / 36 including: – limit: 40 / 35 – market: 1 / 1 Volume of active orders*, mln tenge: 112,101.9 including: – limit: 92,101.9 – market: 20,000.0 Bid to ask: х2.6 times "Clean" price on orders submitted, % of face value (on all / active ones): – minimum 77.1298 – maximum 80.5858 – weighted average 79.5064 / 79.2103 Yield on orders submitted, % APR (on all / active ones): – minimum 15.4500 – maximum 16.5000 – weighted average 15.7820 / 15.8588 ----------------------------------------------------------------------------- * 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 77.2 %, broker-dealer organizations – for 1.8 %, other institutional investors – for 2.2 %, other legal entities – for 18.8 %. -------------------------------------------------------------------- BID PARAMETERS AT ADDITIONAL OFFERING: --------------------------------------------------- ---------------- Number of participants: 3 Number of orders submitted (all / active): 3 / 3 Volume of active orders*, mln tenge: 6,852.3 Bid to ask: 80.0 % --------------------------------------------------- ----------------- * 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 37.5 %, other institutional investors – for 62.5 %. OFFERING RESULTS: -------------------------------------------------------------------- Volume of orders executed, bonds: 87,981,155 Volume of orders executed, tenge: 75,359,821,351.3 Number of orders executed: 21 Number of participants, whose orders were executed: 6 Volume of executed orders, % of plan: 176.0 Volume of executed orders, % of the bid: 62.6 "Clean" price in orders executed, % of face value: – minimum 79.7438 – maximum 80.5858 – weighted average 80.2330 Yield of bonds to maturity for buyer, % APR: – minimum 15.4500 – maximum 15.7000 – weighted average 15.5528 -------------------------------------------------------------------- In terms of the main categories of investors during the offering, 20.6 % of the total volume was purchased by banks, 2.7 % - by broker-dealer organizations, 8.2 % - by other institutional investors, 27.3 % - by other legal entities. Taking into account the earlier offering, the total volume of MEUKAM-96 of the 12th issue (KZKD00001160, MUM096_0012), made up 173,560,990 bonds for the amount of the face value of KZT173,560,990,000. 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/MUM096_0012/ [2023-02-01]