Kazakhstan's Ministry of Finance on March 15 placed 31.5 mln MEUKAM-132 of seventh issue (KZKD00001152, MUM132_0007) on KASE at weighted average yield to maturity of 13.87 % APR
/KASE, March 15, 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 15, 2023 on the terms below (Astana time).
OFFERING TERMS
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Trade date: 15.03.23
Current maturity: 9.1 years (3,371 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: 15.03.23, 15:00
Payment date: 17.03.23
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: 15.03.23
Current maturity: 9.1 years (3,371 days)
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: 17.03.23
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: --------------------------------------------- ------------- Number of participants: 5 Number of orders submitted (all / active): 13 / 13 including: – limit: 11 / 11 – market: 2 / 2 Volume of active orders*, mln tenge: 67,791.3 including: – limit: 65,291.3 – market: 2,500.0 Bid to ask: х2.5 times "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 82.0522 – maximum 86.1143 – weighted average 82.8758 Yield on orders submitted, % APR (on all / active ones):
– minimum 13.3000 – maximum 14.2000 – weighted average 14.0123
----------------------------------------------------------- * active orders – orders not annulled by trade participants
at expiry of order submission period including those confirmed by Confirmation System participants.
Banks accounted for 13.3 %, other institutional investors – for 71.9 %, other legal entities – for 14.8 % in the total volume of active orders.
-------------------------------------------------------------------- BID PARAMETERS AT ADDITIONAL OFFERING: --------------------------------------------------- ---------------- Number of participants: 3 Number of orders submitted (all / active): 6 / 5 Volume of active orders*, mln tenge: 22,742.5 Bid to ask: х2.5 times --------------------------------------------------- ---------------- * 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 11.9 %, other institutional investors – for 44.1 %, other legal entities – for 44.0 %.
OFFERING RESULTS:
-------------------------------------------------------------------- Volume of orders executed, bonds: 31,548,487 Volume of orders executed, tenge: 28,496,687,776.2 Number of orders executed: 14 Number of participants, whose orders were executed: 4 Volume of executed orders, % of plan: 105.2 Volume of executed orders, % of the bid: 31.3 "Clean" price in orders executed, % of face value: – minimum 82.9308 – maximum 86.1143 – weighted average 83.4929 Yield of bonds to maturity for buyer, % APR: – minimum 13.3000 – maximum 14.0000 – weighted average 13.8720 --------------------------------------------------------------------
In terms of the main categories of investors during the offering, 19.2 % of the total volume was bought out by banks, 17.5 % - by other institutional investors, 63.3 % - 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 234,890,711 bonds for the amount of the face value of KZT234,890,711,000.
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 see more
The Rules of placement of government treasury bonds of the Republic of Kazakhstan are available at see more
Detailed information on the issue of these bonds is available at see more
[2023-03-15]