/KASE, June 29, 2023/ – Kazakhstan Stock Exchange (KASE) announces that
on June 29, 2023 the KASE trading system held repeated specialized trading for
placement of government long-term treasury obligations of the Ministry of
Finance of the Republic of Kazakhstan (MEUKAM) on the following conditions
(Astana time).
PLACEMENT TERMS:
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Trade date: 29.06.23
Maturity: 3.7 years (1,348 days)
Declared placement volume, mln tenge: 80,000.0
Trade subject: "clean" price
Market order execution rate, %: 70
Method of order filing: closed
Time of order acceptance: 09:00–12:00
Time of order confirmation: 09:00–12:00
Cut-off time: 29.06.23, 15:00
Payment date and time: 01.07.23
Execution method of limit offset orders: pro rata to amounts
of offset orders
Execution method of limit orders: at prices of limit offset orders equal
to the cut-off price or those more
favorable for the seller
Execution method of market orders: at weighted average price
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From 15:30 to 16:00 Astana time, the issuer planned to additionally place the
specified bonds in the KASE trade system within specialized trades in the
amount of 20,000.0 mln tenge. Specialized trades on additional placement were
declared invalid due to the fact that at the end of the period for accepting
applications in the KASE trading and clearing system there were no active
orders.
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BID PARAMETERS UPON PLACEMENT:
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Number of participants: 8
Number of orders submitted (all / active), 16 / 16
including:
– limited: 12 / 12
– market: 4 / 4
Volume of active orders*, mln tenge, 49,979.4
including:
– limited: 38,579.4
– market: 11,400.0
Bid to ask: 80.1 %
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 69.8553
– maximum 76.8526
– average weighted 76.5653
Yield on orders submitted, % p.a. (on all / on active ones):
– minimum 13.8000
– maximum 17.0000
– average weighted 13.9217
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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 62.5 %, brokers and
dealers for 0.2 %, other institutional investors for 31.3 %, other legal
entities for 6.0 %.
PLACEMENT RESULTS:
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Volume of executed orders, bonds: 40,394,123
Volume of executed orders, tenge: 31,622,873,839.8
Number executed orders: 7
Number of participants, whose orders were executed: 7
Volume of executed orders, % of plan: 50.5
Volume of executed orders, % of demand: 63.0
"Clean" price in executed orders, % of face value:
– minimum 76.8523
– maximum 76.8526
– average weighted 76.8523
Yield of bonds to maturity for buyer, % p.a.:
– minimum 13.8000
– maximum 13.8000
– average weighted 13.8000
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In the breakdown of main categories of investors during placement, 41.0% of the
total volume was bought by banks, 49.5% by other institutional investors, 9.5%
by other legal entities.
Given the earlier placement, the total volume of MEUKAM-180 of the sixth issue
(KZKD00000535, MUM180_0006) made 260,603,104 bonds for the amount of
the face value of 260,603,104,000 tenge.
Settlements for this placement will be carried out according to T+2 scheme.
MEKAM sold at today's auction will be admitted to circulation on the KASE
secondary market under the trade code indicated in the table on the next working
day after the day of discharge of obligations under the deals. The bonds must be
quoted in the KASE trading system in clean prices.
The Rules of issue, placement, circulation, service and redemption of
government treasury obligations of the Republic of Kazakhstan are available at
https://kase.kz/files/mix/newgko.pdf
The Rules of placement of government treasury obligations of the Republic of
Kazakhstan are available at
https://kase.kz/files/normative_base/mekam_placement.pdf
More details about the issue of these bonds are available at
https://kase.kz/ru/gsecs/show/MUM180_0006/
[2023-06-29]