/KASE, March 19, 2024/ – Kazakhstan Stock Exchange (KASE) announces that
a repeated special trading session for the offering of government long-term
treasury bonds of the Ministry of Finance of the Republic of Kazakhstan
(MEUKAM) was held in KASE's trading system today on the terms below
(Astana time).
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BID PARAMETERS AT OFFERING:
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Number of participants: 6
Number of orders submitted (all / active): 11 / 11
including:
– limit: 10 / 10
– market: 1 / 1
Volume of active orders*, mln tenge: 33,634.5
including:
– limit: 33,134.5
– market: 500.0
Bid to ask: 178.2 %
"Clean" price on orders submitted, % of face
value (on all / active ones):
– minimum 89.7190
– maximum 92.9391
– weighted average 92.5890
Yield on orders submitted, % APR (on all / active ones):
– minimum 12.1500
– maximum 12.7000
– weighted average 12.2082
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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 37.7 %,
other institutional investors – for 62.3 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 20,000,000
Volume of orders executed, tenge: 18,943,875,555.6
Number of orders executed: 4
Number of participants, whose orders were executed: 4
Volume of executed orders, % of plan: 100.0
Volume of executed orders, % of the bid: 56.1
"Clean" cut-off price, %: 92.9391
"Clean" price in orders executed, % of face value: 92.9391
Yield at cut-off price, % APR: 12.1500
Yield of bonds to maturity for buyer, % APR: 12.1500
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In terms of the main categories of investors during the offer, 2.2 % of the
total volume was purchased by banks, 97.8 % – by other institutional
investors.
Taking into account the earlier offering, the total volume of MEUKAM-180 of the
16th issue (KZKD00001194, MUM180_0016) made up 256,523,309 bonds for
the amount of the face value of KZT256,523,309,000.
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.
OFFERING TERMS:
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Trade date: 19.03.24
Current maturity: 12.9 years (4,629 days)
Declared offering volume, mln KZT: 20,000.0
Trade subject: "clean" price
Market order execution rate, %: from 0 to 100 depending
on market demand
Order submission method: closed
Order collection time: 09:00–12:00
Order confirmation time: 09:00–12:00
Cut-off date and time: 19.03.24, 15:00
Payment date: 26.03.24
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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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/MUM180_0016/
[2024-03-19]