/KASE, July 26, 2023/ – Kazakhstan Stock Exchange (KASE) announces that
two special trading sessions (for the offering and additional offering) of
government mid-term treasury bonds of the Ministry of Finance of the
Republic of Kazakhstan (MEOKAM) were held in KASE's trading system on
July 26, 2023 on the terms below (Astana time).
OFFERING TERMS
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Trade date: July 26, 2023
Current maturity: 2.5 years (895 days)
Declared offering volume, mln tenge: 40,000.0
Trade subject: "clean" price
Market order execution ratio, %: 70
Order submission method: closed
Order receipt time: 09:00–12:00
Order confirmation time: 09:00–12:00
Cut-off date and time: 26.07.23, 15:00
Payment date: 28.07.23
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
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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 offering 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.
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BID PARAMETERS AT OFFERING:
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Number of participants: 8
Number of orders submitted (all / active): 21 / 21
including:
– limit: 15 / 15
– market: 6 / 6
Volume of active orders*, mln tenge: 33,896.2
including:
– limit: 27,553.6
– market: 6,342.6
Bid to ask: 91.1 %
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 91.2902
– maximum 94.1912
– weighted average 92.8579
Yield on orders submitted, % APR (on all / on active ones):
– minimum 13.5000
– maximum 15.0000
– weighted average 14.1805
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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.
Banks accounted for 96.7 % of the total volume of active orders,
other institutional investors – for 3.3 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 17,539,870
Volume of orders executed, tenge: 16,485,821,324.0
Number of orders executed: 14
Number of participants, whose orders were executed: 7
Volume of executed orders, % of plan: 43.8
Volume of executed orders, % of the bid: 48.2
"Clean" price in orders executed, % of face value:
– minimum 93.5038
– maximum 94.1912
– weighted average 93.7831
Yield of bonds to maturity for buyer, % APR:
– minimum 13.5000
– maximum 13.8500
– weighted average 13.7083
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In terms of the main categories of investors during placement, 93.8 % of the
total volume was bought out by banks, 6.2 % - by other institutional
investors.
Taking into account the earlier offering, the total volume of MEOKAM-48 of issue
52 (KZK200000687, MOM048_0052) amounted to 199,193,465 bonds for the
amount of the face value of KZT199,193,465,000.
Settlements on 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 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/MOM048_0052/
[2023-07-26]