Kazakhstan's Ministry of Finance on September 20 placed 8.3 mln MEUKAM-216 of first issue (KZKD00000972, MUM216_0001) on KASE at yield to maturity of 11.70 % APR

20.09.23 18:44
/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 ------------------------------------- -------------------------------- 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 ---------------------------------------------------------------------- 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. ----------------------------------------------------------- BID PARAMETERS AT OFFERING: --------------------------------------------- ------------- 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 ----------------------------------------------------------- * 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: ------------------------------------------------------------------- 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 ------------------------------------------------------------------- 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]