Kazakhstan's Ministry of Finance on May 24 placed 41.3 mln MEUKAM-180 of 13th issue (KZKD00000931, MUM180_0013) on KASE at yield to maturity of 13.00 % APR

24.05.23 18:00
/KASE, May 24, 2023/ – 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 the trading system of Kazakhstan Stock Exchange (KASE) today. Below are the bid parameters and results of the special trading session. ----------------------------------------------------------- BID PARAMETERS: --------------------------------------------- ------------- Number of participants: 4 Number of orders submitted (all / active): 7 / 7 including: – limit: 6 / 6 – market: 1 / 1 Volume of active orders*, mln tenge: 39,433.0 including: – limit: 38,433.0 – market: 1,000.0 Bid to ask: х1.3 times "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 70.2572 – maximum 76.5608 – weighted average 75.6150 Yield on orders submitted, % APR (on all / active ones): – minimum 13.0000 – maximum 14.5000 – weighted average 13.2105 ----------------------------------------------------------- * 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 21.1 %, other institutional investors – for 78.9 %. OFFERING RESULTS: --------------------------------------------------- ---------------- Volume of orders executed, bonds: 41,285,153 Volume of orders executed, tenge: 32,124,674,809.7 Number of orders executed: 2 Number of participants, whose orders were executed: 2 Volume of executed orders, % of plan: 103.2 Volume of executed orders, % of the bid: 80.5 "Clean" price in orders executed, % of face value: 76.5608 Yield of bonds to maturity for buyer, % APR: 13.0000 -------------------------------------------------------------------- In terms of the main categories of investors during the offering, 3.1 % of the total volume was purchased by banks, 96.9 % - by other institutional investors. Taking into account the earlier offering, the total volume of MEUKAM-180 of issue 13 (KZKD00000931, MUM180_0013) amounted to 183,861,625 bonds for the amount of the face value of KZT183,861,625,000. 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. ----------------------------------------------------------------------- OFFERING TERMS: ------------------------------------------- --------------------------- Trade date: 24.05.23 Current maturity: 9.9 years (3,550 days) Declared offering volume, mln KZT: 40,000.0 Trade subject: "clean" price Market order execution rate, %: 70 Order submission method: closed Order collection time: 09:00–12:00 Order confirmation time: 09:00–12:00 Cut-off date and time: 24.05.23, 15:00 Payment date: 26.05.23 Method of execution of limit offset orders: pro rata to amounts of offset orders 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 Method of execution of market orders: at weighted average price ----------------------------------------------------------------------- The Rules of issue, placement, circulation, service and maturity of government treasury obligations 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 Details of the mentioned bond issue are available at https://kase.kz/en/gsecs/show/MUM180_0013/ [2023-05-24]