/KASE, September 20, 2023/ – Kazakhstan Stock Exchange (KASE) announces
that two special trading session (for the offering and additional offering) of
government long-term treasury bonds of the Ministry of Finance of the
Republic of Kazakhstan (MEUKAM) were held in KASE's trading system on
September 20, 2023 on the terms below (Astana time).
OFFERING TERMS
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Trade date: 20.09.23
Current maturity: 12.9 years (4,630 days)
Declared offering volume, KZT mln: 10,000.0
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
Limit offset orders execution method: pro rata to amounts
of offset orders
Limit orders execution method: at prices of limit offset orders
equal to the cut-off price or
those more favorable for
the seller
Market orders execution method: 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 KZT10,000.0 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.
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BID PARAMETERS AT OFFERING:
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Number of participants: 8
Number of orders submitted (all / active): 16 / 16
including:
– limit: 13 / 13
– market: 3 / 3
Volume of active orders*, mln tenge: 19,780.3
including:
– limit: 18,130.3
– market: 1,650.0
Bid to ask: х2.5 times
"Clean" price on orders submitted, % of face value
(on all / active ones):
– minimum 59.8972
– maximum 79.0576
– weighted average 76.6447
Yield on orders submitted, % APR (on all / active ones):
– minimum 11.7000
– maximum 16.0000
– weighted average 12.1444
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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 74.5 %,
broker-dealer organizations – for 0.1 %, other institutional
investors – for 20.3 %, and other legal entities – for 5.1 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 8,338,210
Volume of orders executed, tenge: 6,694,122,516.8
Number of orders executed: 6
Number of participants, whose orders were executed: 6
Volume of executed orders, % of plan: 83.4
Volume of executed orders, % of the bid: 32.8
"Clean" price in orders executed, % of face value: 79.0576
Yield of bonds to maturity for buyer, % APR: 11.7000
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In terms of the main categories of investors, 24.6 % of the total volume was
purchased by banks, 0.5 % - by broker-dealer organizations, 60.0 % -
by other institutional investors, 14.9 % - by other legal entities.
Taking into account the earlier offering, the total volume of MEUKAM-216 of the
first issue (KZKD00000972, MUM216_0001) amounted to 278,540,419 bonds for
the amount of the face value of KZT278,540,419,000.
Settlements on this offering will be carried out according to the T+2 scheme.
MEUKAM 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/MUM216_0001/
[2023-09-20]