/KASE, March 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
March 1, 2023 on the terms below (Astana time).
OFFERING TERMS
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Trade date: 01.03.23
Declared offering volume, KZT mln: 30,000.0
Trade subject: coupon rate
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: 01.03.23, 15:00
Payment date: 03.03.23
Method of execution of limit offset orders: pro rata to amounts of
offset orders
Method of execution of limit orders: at single cut-off price
Method of execution of market orders: at single cut-off 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: 01.03.23
Declared additional offering volume, KZT mln: 10,000.0
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: 03.03.23
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
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BID PARAMETERS AT OFFERING:
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Number of participants: 13
Number of orders submitted (all / active): 40 / 38
including:
– limit: 31 / 29
– market: 9 / 9
Volume of active orders*, mln tenge: 131,335.0
including:
– limit: 50,067.0
– market: 81,268.0
Bid to ask: x4.4 times
Rate of coupon on orders submitted, % APR
(on all / on active ones):
– minimum 15.0000
– maximum 17.0000
– weighted average 15.3976 / 15.3990
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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 62.1 %, brokers and
dealers – for 2.3 %, other institutional investors – for 7.6 %, other legal
entities – for 27.9 %, individuals – for 0.1%.
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BID PARAMETERS AT ADDITIONAL OFFERING:
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Number of participants: 5
Number of orders submitted (all / active): 6 / 6
Volume of active orders*, mln tenge: 39,457.0
Bid to ask: х3.9 times
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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 20.4 %,
other institutional investors – for 77.8 %, other legal entities – for 1.8 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 87,290,333
Volume of orders executed, tenge: 87,290,333,000.0
Number of orders executed: 22
Number of participants, whose orders were executed: 2
Volume of executed orders, % of plan: 291.0
Volume of executed orders, % of the bid: 51.1
Rate of coupon of bonds to maturity 15.3000
for buyer, % APR:
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In terms of the main investor categories during the offering, 45.4 % of the
total volume was purchased by banks, 1.0 % - by brokerage and dealer
organizations, 40.9 % - by other institutional investors, 12.7 % - by other
legal entities.
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
[2023-03-01]