On July 2, KASE holds specialized trading to place MEKKAM KZK100000357 (MKM012_0158) with settlements on July 4 and with maturity of 365 days
/KASE, June 28. 2024/ – Kazakhstan Stock Exchange (KASE) reports that on July 2, 2024, KASE trading system holds specialized trading to place government short-term treasury obligations of the Ministry of Finance of the Republic of Kazakhstan (MEKKAM) on the following terms and conditions (Astana time).
----------------------------------------------------------------------------------
Type of securities: MEKKAM-12
ISIN: KZK100000357
Order number of issue: 0158 / 012
KASE ticker: MKM012_0158
Face value, KZT: 100.00
Volume of bonds in circulation, pcs.: –
First circulation date: settlement date based on results of the
first performed trading for placement
Last circulation date: to be determined later
Repayment date: to be determined later
Maturity: 365 days
Time base: actual / actual
---------------------------------------- -----------------------------------------
Trading date: 02.07.24
Declared offering volume, mln KZT: 40,000.0
Trading subject: "clean" price
Execution extent 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
Cutoff date and time: 02.07.24, 15:00
Payment date: 04.07.24
Execution method of limit offset orders: proportionally to sizes of offset orders
Execution method of limit orders: at prices of limit offset orders equal to
the cutoff price or more favorable for
the seller
Execution method of market orders: at average weighted price
----------------------------------------------------------------------------------
*Subject to the Regulation on methods of trading in trading and clearing
systems, market orders can be submitted only after a trading participant
submits limit orders in order to ensure an acceptable percentage of submitting
the market orders per trading participant; in this case, no limit order must be
withdrawn if the permissible percentage of market orders per trading
participant is violated.
Order price must be set out as a “clean” (ignoring 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+2 scheme. Trading participants must, by the payment date set out in the table, ensure the availability of money on the 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 bought (based on the assumption that all orders submitted by trading participants and accepted by the KASE are subject to execution).
If the submitted orders are satisfied in full or in part, relevant amount must be paid subject to the Rules for placement of state treasury obligations of the Republic of Kazakhstan. Text of these Rules is posted at see more
Rules for issue, placement, circulation, servicing and repayment of government treasury obligations of the Republic of Kazakhstan are available at see more
Regulation on trading methods in trading and clearing systems is posted at see more
[2024-06-28]