/KASE, August 27, 2024/ – 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 the trading system of
Kazakhstan Stock Exchange (KASE). Below are the bid parameters and the
results of the special trading session.
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BID PARAMETERS AT OFFERING:
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Number of participants: 8
Number of orders submitted (all / active): 15 / 15
including:
– limit: 13 / 13
– market: 2 / 2
Volume of active orders*, mln tenge: 44,212.2
including:
– limit: 41,212.2
– market: 3,000.0
Bid to ask: 161.7 %
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 89.9849
– maximum 90.7902
– weighted average 90.2509
Yield on orders submitted, % APR (on all / active ones):
– minimum 13.2000
– maximum 13.4500
– weighted average 13.3670
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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 39.0 %,
other institutional investors – for 56.0 %, other legal entities – for 5.0 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 40,998,164
Volume of orders executed, tenge: 37,393,260,793.8
Number of orders executed: 12
Number of participants, whose orders were executed: 8
Volume of executed orders, % of plan: 136.7
Volume of executed orders, % of the bid: 84.5
"Clean" cut-off price, %: 90.1451
"Clean" price in orders executed, % of face value:
– minimum 90.1451
– maximum 90.7902
– weighted average 90.2987
Yield at cut-off price, % APR: 13.4000
Yield of bonds to maturity for buyer, % APR:
– minimum 13.2000
– maximum 13.4000
– weighted average 13.3520
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In terms of the main categories of investors during the placement, 27.9 %
of the total volume was purchased by banks, 66.2 % – by other institutional
investors, 5.9 % – by other legal entities.
Taking into account the earlier offering, the total volume of MEUKAM
KZKD00001160 (MUM096_0012) amounted to 361,902,214
bonds for the amount of the face value of KZT361,902,214,000.
Settlements for this offering will be carried out according to the T+2 scheme.
MEKAM 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
business day after the day of fulfillment of obligations under deals. The bonds
must be quoted in KASE's trading system in clean prices.
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OFFERING TERMS:
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Trade date: 27.08.24
Current maturity: 4.9 years (1,771 days)
Declared offering volume, mln KZT: 30,000.0
Trade subject: "clean" price
Market order execution ratio, %: 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: 27.08.24, 15:00
Payment date: 29.08.24
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 obligations 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
Details of the mentioned bond issue are available at
http://kase.kz/en/gsecs/show/MUM096_0012/
[2024-08-27]