Kazakhstan's Ministry of Finance on September 20 placed 151.3 mln MEKKAM-12 of 154th issue (KZK100000290, MKM012_0154) on KASE at weighted average yield to maturity of 14.60 % APR

20.09.23 18:28
/KASE, September 20, 2023/ – A special trading session for the 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: 9 Number of orders submitted (all / active): 23 / 22 including: – limit: 19 / 18 – market: 4 / 4 Volume of active orders*, mln tenge: 52,955.6 including: – limit: 48,854.6 – market: 4,101.0 Bid to ask: х2.8 times Price on orders submitted, % of face value (on all / on active ones): – minimum 92.5511 – maximum 93.5600 – weighted average 93.4427 / 93.4455 Yield on orders submitted, % APR (on all / active ones): – minimum 14.5400 – maximum 17.0000 – weighted average 14.8222 / 14.8159 ------------------------------------------------------------ * 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 98.6 %, broker-dealer organizations accounted for 0.1%, and other institutional investors accounted for 1.3 %. OFFERING RESULTS: --------------------------------------------------- ---------------- Volume of orders executed, bonds: 151,325,628 Volume of orders executed, tenge: 14,154,479,810.8 Number of orders executed: 8 Number of participants, whose orders were executed: 8 Volume of executed orders, % of plan: 75.7 Volume of executed orders, % of the bid: 26.7 "Clean" price in orders executed, % of face value: – minimum 93.5348 – maximum 93.5600 – weighted average 93.5366 Yield of bonds to maturity for buyer, % APR: – minimum 14.5400 – maximum 14.6000 – weighted average 14.5970 -------------------------------------------------------------------- In terms of the main categories of investors, during the placement, 95.1% of the total volume was purchased by banks, 4.9% - by other institutional investors. Taking into account the earlier placement, the total volume of MEKKAM-12 of issue 154 (KZK100000290, MKM012_0154) amounted to 1,592,919,989 bonds for the amount of the nominal value of KZT159,291,998,900. 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: 20.09.23 Current maturity: 175 days Declared offering volume, mln tenge: 20,000.0 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: 20.09.23, 15:00 Payment date: 22.09.23 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_0154/ [2023-09-20]