Kazakhstan's Ministry of Finance raised KZT74.0 bn on KASE on June 24 by selling fourth issue of MEUKAM-240 (KZKD00000832) with YTM of 8.73 % APR
/KASE, June 24, 2019/ – A repeated special trading session for the offering 
government long-term treasury bonds of the Ministry of Finance of the Republic of 
Kazakhstan (MEUKAM) was held in Kazakhstan Stock Exchange (KASE) trading system 
today. Below are parameters of the bid and results of the special trading session.

BID PARAMETERS:                                                                 
--------------------------------------------------------- ----------------------
Number of participants:                                   3                     
Number of orders submitted (all / active):                4 / 4                 
– limit:                                                  4 / 4                 
– market:                                                 0                     
Volume of active orders*, mln tenge:                      73,979.8              
– limit:                                                  73,979.8              
– market:                                                 0                     
Bid to ask, %:                                            101.0                 
"Clean" price on orders submitted, % of                                         
face value (on all / on active ones):                                           
– minimum                                                 94.4080               
– maximum                                                 95.4592               
– weighted average                                        94.4183               
Yield on orders submitted, % APR                                                
(on all / on active ones):                                                      
– minimum                                                 8.6000                
– maximum                                                 8.7300                
– weighted average                                        8.7287                
* active orders – orders not annulled by trade participants at expiry of order  
submission period including those confirmed by Confirmation System participants.

Whole volume of active orders came from institutional investors.

OFFERING RESULTS:                                                    
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Volume of orders executed, bonds:                   75,745,621       
Volume of orders executed, tenge:                   73,971,974,162.93
Number of orders executed:                          4                
Number of participants, whose orders were executed: 3                
Volume of orders executed, % of plan:               101.0            
"Clean" price in orders executed, % of face value:  94.4080          
Yield of bonds to maturity for buyer, % APR:        8.7300           

According to Central Securities Depository (Almaty), deals on offering of the 
fourth issue of MEUKAM-240 (KZKD00000832) by the end of settlement of trade 
results were fully executed.

OFFERING TERMS:                                               
----------------------------------- --------------------------
Trade date:                         June 24, 2019             
Current maturity:                   15.6 years (5,615 days)   
Declared placement volume, mln KZT: 75,000.0                  
Trade subject:                      "clean" price             
Market order acceptance ratio, %:   70                        
Order submission method:            closed                    
Order collection time:              09:00–11:00               
Order confirmation time:            09:00–11:30               
Striking time:                      before 15:00 (Т+0)        
Payment date and time:              June 24, 2019, 15:00 (Т+0)
Order execution method:             at cut-off price          
Limit order execution way:          pro rata to amounts       
                                    of offset orders          
Trading system sector:              MEKAM_ST1                 
Trading system group:               MEUKAM_240                

Taking into account the earlier offering, the total amount of the fourth issue
of MEUKAM-240 (KZKD00000832) made up 359,653,073 bonds with the total face value 
of KZT359,653,073,000.00.

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 of issue, placement, circulation, service and maturity of 
government treasury bonds of the Republic of Kazakhstan is available on KASE 
website at http://kase.kz/files/mix/newgko.pdf

The Rules of placement of government treasury bonds of the Republic of Kazakhstan 
are available at