/KASE, May 10, 2023/ – Kazakhstan Stock Exchange (KASE) announces that
a repeated special trading session for the offering of government long-term
treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEUKAM)
was held in KASE's trading system on May 10, 2023 on the terms below (Astana time).
OFFERING TERMS
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Trade date: 10.05.23
Current maturity: 10.8 years (3,877 days)
Declared offering volume, mln tenge: 30,000.0
Trade subject: "clean" price
Market order execution rate, %: 70
Order submission method: closed
Order receipt time: 09:00–12:00
Order confirmation time: 09:00–12:00
Cut-off date and time: 10.05.23, 15:00
Payment date: 12.05.23
Limit offset orders execution method: pro rata to amounts
of offset orders
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 KZT20,000.0 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): 5 / 5
including:
– limit: 5 / 5
– market: 0 / 0
Volume of active orders*, mln tenge: 39,376.3
including:
– limit: 39,376.3
– market: 0.0
Bid to ask: х1.5 times
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 78.0290
– maximum 87.5202
– weighted average 85.1134
Yield on orders submitted, % APR (on all / active ones):
– minimum 12.2500
– maximum 14.0000
– weighted average 12.7073
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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 31.5 %,
other institutional investors – for 68.5 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 30,000,000
Volume of orders executed, tenge: 26,972,893,333.3
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: 66.7
"Clean" price in orders executed, % of face value: 87.5202
Yield of bonds to maturity for buyer, % APR: 12.2500
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During the offering, the entire volume was bought by institutional investors.
Taking into account the earlier offering, the total volume of MEUKAM-156 of the
seventh issue (KZKD00001103, MUM156_0007) amounted to 194,602,462
bonds for the amount of the nominal value of KZT194,602,462,000.
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/MUM156_0007/
[2023-05-10]