/KASE, June 26, 2024/ – Kazakhstan Stock Exchange (KASE) informs that on
June 28, 2024, KASE trading system will hold specialized trading for placement
of government short-term treasury obligations of the Ministry of Finance of the
Republic of Kazakhstan (MEKKAM) on the following terms and conditions
(Astana time).
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Type of securities: MEKKAM-6
ISIN: KZK100000340
Order number of issue: 0001 / 006
KASE ticker: MKM006_0001
Face value, KZT: 100.00
Volume of bonds in circulation, pcs: –
First circulation date: date of the first successful trading to
place bonds
Last circulation date: to be determined later
Repayment date: to be determined later
Maturity: 183 days
Time base: actual / actual
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Trading date: 28.06.24
Declared volume of placement, mln KZT: 140,000.0
Trading subject: "clean" price
Extent of execution of market orders, %*: 0 – 100 depending on the market
demand
Order submission method: closed
Order acceptance time: 09:00–12:00
Order confirmation time: 09:00–12:00
Cut-off date and time: 28.06.24, 15:00
Payment date: 28.06.24
Execution method of limited offset orders: proportionally to sizes of offset orders
Execution method of limited orders: at prices of limited offset orders equal
to cutoff price or more favorable for
the seller
Execution method of market orders: at average weighted price
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*Subject to the Regulation on methods of trading in trading and clearing
systems, market orders can be submitted only after a trading participant
submits limited orders in order to ensure an acceptable percentage of
submitting the market orders per trading participant; in this case, no limited
order must be withdrawn if the permissible percentage of market orders per
one trading participant is violated.
Order price must be set out as the “clean” (ignoring the accumulated interest)
price of the bond as a percentage of the face value, expressed to the fourth
decimal. It is this indicator that is the trading subject.
Settlements under this placement will be carried out according to the T+0
scheme. Trading participants have to ensure availability of money on a cash
account, which is used to carry out settlements under transactions with
securities, subject to the set of rules of Central Securities Depository JSC
(Almaty), in an amount sufficient to pay for the treasury obligations they
purchased by the time of payment indicated in the table (based on the
assumption that all orders submitted by trading participants and accepted by
KASE are subject to execution).
If the submitted orders are executed in full or in part, payment of a relevant
amount must be made subject to the Rules for placement of state treasury
obligations of the Republic of Kazakhstan. Text of these Rules is posted at
https://kase.kz/files/normative_base/mekam_placement.pdf
Rules for issue, placement, circulation, servicing and redemption of government
treasury obligations of the Republic of Kazakhstan are posted at
https://kase.kz/files/mix/newgko.pdf
Regulation on methods of trading in trading and clearing systems is available at
https://kase.kz/files/normative_base/methods_ASTS.pdf
[2024-06-26]