Kazakhstan's Ministry of Finance on June 7 placed 43.0 mln MEUKAM-84 of issue 18 (KZKD00001137, MUM084_0018) on KASE at yield to maturity of 14.00 % APR

07.06.23 18:44
/KASE, June 7, 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 June 7, 2023 on the terms below (Astana time). OFFERING TERMS ------------------------------------------- --------------------------- Trade date: 07.06.23 Current maturity: 4.8 years (1,745 days) Declared offering volume, mln KZT: 30,000.0 Trade subject: "clean" price Market order execution ratio, %: 70 Order submission method: closed Order collection time: 09:00–12:00 Order confirmation time: 09:00–12:00 Cut-off date and time: 07.06.23, 15:00 Payment date: 09.06.23 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 ----------------------------------------------------------------------- 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. ------------------------------------------------------------ BID PARAMETERS AT OFFERING: ------------------------------------------ ----------------- Number of participants: 8 Number of orders submitted (all / active): 14 / 13 including: – limit: 12 / 11 – market: 2 / 2 Volume of active orders*, mln tenge: 45,153.7 including: – limit: 42,053.7 – market: 3,100.0 Bid to ask: х1.7 times "Clean" price on orders submitted, % of face value (on all / active ones): – minimum 81.1249 – maximum 87.8314 – weighted average 87.4833 / 87.4464 Yield on orders submitted, % APR (on all / active ones): – minimum 14.0000 – maximum 16.3000 – weighted average 14.1123 / 14.1234 ------------------------------------------------------------------ * 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 80.1 %, other institutional investors – for 19.8 %, individuals – for less than 0.1 %. OFFERING RESULTS: -------------------------------------------------------------------- Volume of orders executed, bonds: 43,044,535 Volume of orders executed, tenge: 38,515,417,723.7 Number of orders executed: 7 Number of participants, whose orders were executed: 7 Volume of executed orders, % of plan: 143.5 Volume of executed orders, % of the bid: 84.9 "Clean" price in orders executed, % of face value: 87.8314 Yield of bonds to maturity for buyer, % APR: 14.0000 -------------------------------------------------------------------- In terms of the main categories of investors during the offering, 76.8 % of the total volume was purchased by banks, 23.2 % – by other institutional investors. Taking into account the earlier offering, the total volume of MEUKAM-84 of the 18th issue (KZKD00001137, MUM084_0018) amounted to 365,068,617 bonds for the amount of the face value of KZT365,068,617,000. Settlements on this offering will be carried out according to the T+2 scheme. MEUKAM 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 working 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/MUM084_0018/ [2023-06-07]