Kazakhstan's Ministry of Finance on June 7 placed 16.7 mln MEOKAM-60 of issue 52 (KZK200000679, MOM060_0052) on KASE at weighted average yield to maturity of 13.80 % APR

07.06.23 18:50
/KASE, June 7, 2023/ – Kazakhstan Stock Exchange (KASE) announces that a special trading sessions for the offering of government mid-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEKKAM) was 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: 3.2 years (1,137 days) Declared offering volume, mln KZT: 20,000.0 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: 7 Number of orders submitted (all / active): 19 / 18 including: – limit: 17 / 16 – market: 2 / 2 Volume of active orders*, mln tenge: 52,973.6 including: – limit: 47,973.6 – market: 5,000.0 Bid to ask: х2.8 times "Clean" price on orders submitted, % of face value (on all / active ones): – minimum 90.6962 – maximum 91.8919 – weighted average 91.3432 / 91.3494 Yield on orders submitted, % APR (on all / active ones): – minimum 13.7400 – maximum 14.2500 – weighted average 13.9726 / 13.9702 ---------------------------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants. The entire volume of active orders originated from banks. In the total volume of active orders, banks accounted for 99.9 %, individuals – for less than 0.1 %. OFFERING RESULTS: --------------------------------------------------------------------- Volume of orders executed, bonds: 16,740,681 Volume of orders executed, tenge: 15,971,849,064.6 Number of orders executed: 6 Number of participants, whose orders were executed: 3 Volume of executed orders, % of plan: 83.7 Volume of executed orders, % of the bid: 30.0 "Clean" price in orders executed, % of face value: – minimum 91.6323 – maximum 91.8919 – weighted average 91.7616 Yield of bonds to maturity for buyer, % APR: – minimum 13.7400 – maximum 13.8500 – weighted average 13.7967 --------------------------------------------------------------------- During the placement, the entire volume was purchased by banks. Taking into account the earlier offering, the total volume of MEOKAM-60 of the issue 52 (KZK200000679, MOM060_0052) amounted to 238,574,957 bonds for the amount of the face value of KZT238,574,957,000. 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/MOM060_0052/ [2023-06-07]