/KASE, June 21, 2023/ – A special trading session for offering of government
short-term treasury bonds of the Ministry of Finance of the Republic of
Kazakhstan (MEKKAM) 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: 11
Number of orders submitted (all / active): 28 / 28
including:
– limit: 20 / 20
– market: 8 / 8
Volume of active orders*, mln tenge: 80,725.7
including:
– limit: 61,587.7
– market: 19,138.0
Bid to ask: х3.0 times
Price on orders submitted, % of face value
(on all / on active ones):
– minimum 88.4546
– maximum 89.7100
– weighted average 89.4844
Yield on orders submitted, % APR
(on all / active ones):
– minimum 14.5000
– maximum 16.5000
– weighted average 14.8557
-----------------------------------------------------------
* 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 97.7 %,
other institutional investors – for 1.5 %, other legal entities – for 0.8 %.
OFFERING RESULTS:
--------------------------------------------------- ----------------
Volume of orders executed, bonds: 424,693,444
Volume of orders executed, tenge: 38,060,895,620.0
Number of orders executed: 11
Number of participants, whose orders were executed: 8
Volume of executed orders, % of plan: 141.6
Volume of executed orders, % of the bid: 47.1
"Clean" price in orders executed, % of face value:
– minimum 89.5829
– maximum 89.71
– weighted average 89.6197
Yield of bonds to maturity for buyer, % APR:
– minimum 14.5000
– maximum 14.7000
– weighted average 14.6410
--------------------------------------------------------------------
In terms of the main categories of investors during the offering, 96.7 % of the
total volume was purchased by banks, 3.0 % - by other institutional investors,
0.2 % - by other legal entities.
Taking into account the earlier placement, the total volume of MEKKAM-12 of
issue 155 (KZK100000308, MKM012_0155) amounted to 1,559,172,610
bonds for the amount of the face value of KZT1,559,172,610.00.
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: 21.06.23
Current maturity: 291 days
Declared offering volume, mln tenge: 30,000.0
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: 21.06.23, 15:00
Payment date: 23.06.23
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
-----------------------------------------------------------------------
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/MKM012_0155/
[2023-06-21]