/KASE, February 8, 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 8, 2023 on the terms below (Astana time).
OFFERING TERMS
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Trade date: 08.02.23
Current maturity: 9.5 years (3,408 days)
Declared offering volume, KZT mln: 30,000.0
Trade subject: "clean" price
Market order execution rate, %: 70
Order submission method: closed
Order collection time: 09:00–11:00
Order confirmation time: 09:00–11:00
Cut-off date and time: 08.02.23, 15:00
Payment date: 10.02.23
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, 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: 08.02.23
Current maturity: 9.5 years (3,408 days)
Declared additional offering volume, KZT mln: 20,000.0
Trade subject: "clean" price
Market order execution rate, %: 0
Order submission method: closed
Order collection time: 15:30–16:00
Order confirmation time: 15:30–16:00
Striking time: before 17:00 (Т+0)
Payment date: 10.02.23
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:
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Number of participants: 5
Number of orders submitted (all / active): 20 / 20
including:
– limit: 20 / 20
– market: 0 / 0
Volume of active orders*, mln tenge: 27,898.9
including:
– limit: 27,898.9
– market: 0.0
Bid to ask: 109.5 %
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 74.5767
– maximum 82.8246
– weighted average 79.1864
Yield on orders submitted, % APR (on all / active ones):
– minimum 14.0000
– maximum 16.0000
– weighted average 14.8372
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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.
Banks accounted for 40.6 %, broker-dealer organizations – for 2.7 %, other
institutional investors – for 37.3 %, other legal entities – for 19.4 %
in the total volume of active orders.
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BID PARAMETERS AT ADDITIONAL OFFERING:
------------------------------------------------------- --------------------
Number of participants: 1
Number of orders submitted (all / active): 4 / 4
Volume of active orders*, mln tenge: 10,781.7
Bid to ask: 61.0 %
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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, broker-dealer organizations accounted
for 13.9 %, other institutional investors – for 12.1 %,
other legal entities – for 74.0 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 23,240,417
Volume of orders executed, tenge: 20,535,873,430.1
Number of orders executed: 8
Number of participants, whose orders were executed: 3
Volume of executed orders, % of plan: 77.5
Volume of executed orders, % of the bid: 51.6
"Clean" price in orders executed, % of face value:
– minimum 82.6027
– maximum 82.8246
– weighted average 82.6236
Yield of bonds to maturity for buyer, % APR:
– minimum 14.0000
– maximum 14.0500
– weighted average 14.0478
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In terms of the main categories of investors during the offering, 7.3 % of
the total volume was bought out by broker-dealer organizations, 49.8 % -
by other institutional investors, 42.9% - by other legal entities.
Taking into account the earlier offering, the total volume of MEUKAM-132 of the
seventh issue (KZKD00001152, MUM132_0007) amounted to 203,342,224
bonds for the amount of the face value of KZT203,342,224,000.
Settlements for this offering will be carried out according to the T+2 scheme.
MEKAM 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.
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/MUM132_0007/
[2023-02-08]