/KASE, June 28, 2024/ – As reported earlier, today the trading system of
Kazakhstan Stock Exchange (KASE) holds specialized trading for placement of
government short-term treasury obligations of the Ministry of Finance of the
Republic of Kazakhstan (MEKKAM) on the following terms and conditions
(Astana time).
----------------------------------------------------------------------------------
Securities type: MEKKAM-6
ISIN: KZK100000340
Ordinal number of issue: 0001 / 006
KASE ticker: MKM006_0001
Face value, KZT: 100.00
Volume of shares in circulation, pcs.: –
First circulation date: date of the first performed trading to
place bonds
Last circulation date: to be determined later
Repayment date: to be determined later
Maturity: 183 days
Time base: actual / actual
---------------------------------------- -----------------------------------------
Trading date: 28.06.24
Declared placement volume, mln KZT: 140,000.0
Trading subject: "clean" price
Execution extent of offset orders, %*: 0 - 100 depending on the market
demand
Oder submission method: Closed
Order acceptance time: 09:00–12:00
Order confirmation time: 09:00–12:00
Cut-off date and time: 28.06.24, 15:00
Payment date: 28.06.24
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
----------------------------------------------------------------------------------
*Subject to the Regulation on methods of trading in trading and clearing
systems, market orders can be submitted only after a trading participant
submits limit orders in order to ensure an acceptable percentage of submitting
the market orders per trading participant; in this case, no limit order can be
withdrawn if the permissible percentage of market orders per one trading
participant is violated.
Order price must be set out as a “clean” (ignoring the accumulated interest)
price of the bond as a percentage of the face value, expressed to the fourth
decimal. It is this indicator that is the trading subject.
Settlements under this placement will be carried out according to the T+0
scheme. Trading participants are required to ensure availability of money on the
cash account, which is used to carry out settlements under transactions with
securities subject to the set of rules of Central Securities Depository JSC
(Almaty), in an amount sufficient to pay for the treasury obligations they
bought by the payment time set out in the table (based on the assumption that
all orders submitted by trading participants and accepted by the KASE are
subject to execution).
If the submitted orders are executed in full or in part, payment of a relevant
amount must be made in line with the Rules for placement of state treasury
obligations of the Republic of Kazakhstan. Text of these Rules is available at
https://kase.kz/files/normative_base/mekam_placement.pdf
Rules for issue, placement, circulation, servicing and redemption of government
treasury obligations of the Republic of Kazakhstan are available at
https://kase.kz/files/mix/newgko.pdf
Regulation on methods of trading in trading and clearing systems is posted at
https://kase.kz/files/normative_base/methods_ASTS.pdf
[2024-06-28]