/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
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Trade date: 01.02.23
Current maturity: 14.0 years (5,037 days)
Declared offering volume, mln tenge: 10,000.0
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: 01.02.23, 15:00
Payment date: 03.02.23
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, the issuer planned to
additionally place the indicated bonds for the amount of KZT10,000.0 mln in
KASE's trading system during a special trading session. The special trading
session on additional placement was declared invalid due to the fact that at
the end of the order collection period there were no active orders in
KASE's trading and clearing system.
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BID PARAMETERS AT OFFERING:
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Number of participants: 3
Number of orders submitted (all / active): 3 / 3
including:
– limit: 3 / 3
– market: 0 / 0
Volume of active orders*, mln tenge: 11,254.8
including:
– limit: 11,254.8
– market: 0.0
Bid to ask: 119.1 %
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 82.2903
– maximum 96.2720
– weighted average 94.3420
Yield on orders submitted, % APR (on all / on active ones):
– minimum 11.6000
– maximum 14.0000
– weighted average 11.8905
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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.
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: 9,642,547,222.2
Number of orders executed: 1
Number of participants, whose orders were executed: 1
Volume of executed orders, % of plan: 100.0
Volume of executed orders, % of the bid: 84.0
"Clean" price on orders executed, % of face value: 96.2720
Yield of bonds to maturity for buyer, % APR: 11.6000
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Taking into account the earlier offering, the total volume of MEUKAM-180 of the
16th issue (KZKD00001194, MUM180_0016) amounted to 78,368,644 bonds for
the amount of face value of KZT78,368,644,000.
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/MUM180_0016/
[2023-02-01]