/KASE, July 2, 2024/ – Today, the trading system of Kazakhstan Stock Exchange
(KASE) held specialized trading to place government short-term treasury
obligations of the Ministry of Finance of the Republic of Kazakhstan (MEKKAM).
Below are the demand parameters and results of the specialized trading.
------------------------------------------------------------------------------------
DEMAND PARAMETERS:
------------------------------------------------------------------------------------
Number of participants: 5
Number of submitted orders (total / active): 19 / 16
including:
– limit: 17 / 15
– market: 2 / 1
Volume of active orders*, mln KZT: 75,069.2
including:
– limit: 73,569.2
– market: 1,500.0
Demand to supply: х2.1 times
Price under submitted orders, % of the face
value (under all / under active):
– minimum 87.7339 / 87.8108
– maximum 88.3532
– average weighted 88.0716 / 88.1068
Yield under submitted orders, % p.a. (under
all / under active):
– minimum 13.2000
– maximum 14.0000 / 13.9000
– average weighted 13.5601 / 13.5169
--------------------------------------------------------------------------------------
* active orders – orders that have not been canceled by trading participants at the
time of expiry of the order submission period, including those confirmed
by participants of the Confirmation System.
Banks accounted for the entire volume of active orders.
PLACEMENT RESULTS:
-------------------------------------------- ----------------
Volume of executed orders, bonds: 400,000,000
Volume of executed orders, KZT: 35,297,969,500.0
Number of executed orders: 6
Numbe rof participants with executed orders: 3
Volume of executed orders, % of the target: 100.0
Volume of executed orders, % of the demand: 46.9
"Clean" cutoff price, %: 88.1898
"Clean" price in executed orders, % of the face
value:
– minimum 88.1898
– maximum 88.3532
– average weighted 88.2449
Yield under cutoff price, % p.a.: 13.4100
Yield of bonds for redemption for buyer,% p.a.:
– minimum 13.2000
– maximum 13.4100
– average weighted 13.3391
-------------------------------------------------------------
Settlements under this placement will be carried out according to the T+2
scheme. MEKAM sold at today's auction will be admitted to circulation on the
KASE secondary market under ticker set out in the table on the next business
day after the day of discharge of obligations under the transactions. In this
case, the bonds must be quoted in the KASE trading system in clean prices.
----------------------------------------------------------------------------------
PLACEMENT CONDITIONS:
---------------------------------------- -----------------------------------------
Trading date: 02.07.24
Decalred placement volume, mln KZT: 40,000.0
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
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
---------------------------------------------------------------------------------
Rules for issue, placement, circulation, servicing and redemption of government
treasury obligations of the Republic of Kazakhstan are posted at
http://kase.kz/files/mix/newgko.pdf
Rules for placement of government treasury obligations of the Republic of
Kazakhstan are available at
http://kase.kz/files/normative_base/mekam_placement.pdf
Detailed information about the issue of these bonds is available at
https://kase.kz/ru/gsecs/show/MKM012_0158/
[2024-07-02]