/KASE, December 4, 2017, re-sent due to correction of data in table "OFFERING
RESULTS"/ – A repeated special trading session for offering of government
long-term treasury bonds of Kazakhstan's Ministry of Finance (MEUKAM) was held
in Kazakhstan Stock Exchange (KASE) trading system on November 30, 2017. Below
are bid parameters and results of the special trading session.
-------------------------------------------------------------------------------
BID PARAMETERS:
------------------------------------------------------ ------------------------
Number of participants: 3
Number of orders submitted (total / active): 3 / 3
including:
– limit: 3 / 3
– market: 0
Volume of active orders*, mln tenge: 8,554.5
Bid to ask, %: 160.0
"Clean" price on orders submitted, % of face value
– minimum 99.9849
– maximum 100.5382
– weighted average 100.3307
Yield on orders submitted, % APR (on all / on active ones):
– minimum 8.9000
– maximum 8.9900
– weighted average 8.9336
-------------------------------------------------------------------------------
* active orders – orders not annulled by trade participants at
expiry of order submission period including those
confirmed by Confirmation System participants.
In the total amount of active orders second-tier banks (STB) accounted
for 37.6 %, other institutional investors – for 25.0 %, other legal entities –
for 37.4 %.
OFFERING RESULTS:
------------------------------------------------------ ------------------------
Volume of orders executed, bonds: 5,000,000
Volume of orders executed, tenge: 5,356,910,000.0
Number of orders executed: 2
Volume of orders executed, % of plan: 100.0
"Clean" price in order executed, %: 100.5382
Bond's yield to maturity for buyer, % APR: 8.9000
-------------------------------------------------------------------------------
According to Central Securities Depository (Almaty), the deals on the offering
of the 17th issue of MEUKAM-120 (KZKDKY100177) by the end of settlement
of trade results were executed, whereas 60.0 % of the total amount raised were
bought by STB, 40.0 % – by other institutional investors.
OFFERING TERMS:
------------------------------------ ----------------------
Trade date: November 30, 2017
Current maturity: 9.3 years (3,336 days)
Declared offering amount, mln tenge: 5,000.0
Trade subject: "clean" price
Market order execution ratio, %: 70
Order submission method: closed
Order receipt time: 09:00–11:00
Order confirmation time: 09:00–11:30 (Т+0)
Striking time: before 15:00 (Т+0)
Payment date and time: November 30, 2017,
15:00 (Т+0)
Execution method: at cut-off price
Limit orders execution method: pro rata to offset
order amounts
Trading system sector: MEKAM_ST1
Trading system group: MEUKAM_120
-----------------------------------------------------------
Taking into account the earlier offering, the total volume of 17th issue of
MEUKAM-120 (KZKDKY100177) made up 7,500,000 bonds with a total face value of
KZT7,500,000,000.00.
MEUKAM sold by the Ministry of Finance are automatically admitted to circulation
on KASE secondary market under the trading code indicated in the table. At the
same time bonds must be quoted in clean prices in KASE trading system.
The text of the Rules on issue, placement, circulation, service and maturity of
government treasury bonds of the Republic of Kazakhstan is available on KASE
website at
http://www.kase.kz/files/mix/newgko.pdf
The text of the Rules on placement of government treasury bonds of the
Republic of Kazakhstan is available on KASE website at
http://www.kase.kz/files/normative_base/mekam_placement_eng.pdf
[2017-12-04]