Kazakhstan's Ministry of Finance raised KZT63.7 bn on KASE on July 15 by selling 12th issue of MEUKAM-180 (KZKD00000840) with YTM of 8.46 % APR
/KASE, July 15, 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.

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BID PARAMETERS:                                                                 
--------------------------------------------------------- ----------------------
Number of participants:                                   2                     
Number of orders submitted (all / active):                3 / 3                 
including:                                                                      
– limit:                                                  3 / 3                 
– market:                                                 0                     
Volume of active orders*, mln tenge:                      63,733.2              
including:                                                                      
– limit:                                                  63,733.2              
– market:                                                 0                     
Bid to ask, %:                                            100.0                 
"Clean" price on orders submitted, % of                   94.6164               
face value (on all / on active ones):                                           
Yield on orders submitted, % APR                          8.4600                
(on all / on active ones):                                                      
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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.

Whole volume of active orders came from institutional investors.


OFFERING RESULTS:                                                   
--------------------------------------------------- ----------------
Volume of orders executed, bonds:                   65,000,000      
Volume of orders executed, tenge:                   63,733,193,333.3
Number of orders executed:                          4               
Number of participants, whose orders were executed: 2               
Volume of orders executed, % of plan:               100.0           
"Clean" price in orders executed, % of face value:  94.6164         
Yield of bonds to maturity for buyer, % APR:        8.4600          
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According to Central Securities Depository (Almaty), deals on offering of the
12th issue of MEUKAM-180 (KZKD00000840) by the end of settlement of trade results 
were fully executed.


OFFERING TERMS:                                               
----------------------------------- --------------------------
Trade date:                         July 15, 2019             
Current maturity:                   10.6 years (3,799 days)   
Declared placement volume, mln KZT: 65,000.0                  
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:              July 15, 2019, 15:00 (Т+0)
Order 
xecution 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_180                
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Taking into account the earlier offering, the total amount of the 12th issue of 
MEUKAM-180 (KZKD00000840) made up 383,746,867 bonds with the total face value of 
KZT383,746,867,000.00.

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 
http://kase.kz/files/normative_base/mekam_placement_eng.pdf

[2019-07-15]