Kazakhstan's Ministry of Finance on April 23 placed 51.1 mln MEUKAM-168 of third issue (KZKD00000949, MUM168_0003) on KASE at weighted average yield to maturity of 12.15 % APR

23.04.24 18:01
/KASE, April 23, 2024/ – Kazakhstan Stock Exchange (KASE) announces that two special trading sessions (for the offering and additional offering) of government long-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEUKAM) were held in KASE's trading system on April 23, 2024 on the terms below (Astana time). OFFERING TERMS ------------------------------------- --------------------------- Trade date: 23.04.24 Current maturity: 8.0 years (2,873 days) Declared offering volume, mln tenge: 50,000.0 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: 23.04.24, 15:00 Payment date: 25.04.24 Limit offset orders execution method: pro rata to amounts of offset orders Limit orders execution method: at prices of limit offset orders equal to the cut-off price or those more favorable for the seller Market orders execution method: at weighted average price ----------------------------------------------------------------- From 15:30 to 16:00 o'clock, Astana time, a special trading session for additional offering of the mentioned bonds was held in KASE's trading system on the terms below. ADDITIONAL OFFERING TERMS: --------------------------------------------------------------------------- Trade date: 23.04.24 Current maturity: 8.0 years (2,873 days) Declared additional offering volume, mln tenge: 30,000.0 Trade subject: "clean" price Market order execution ratio, %: 0 Order submission method: closed Order receipt time: 15:30–16:00 Order confirmation time: 15:30–16:00 Cut-off time: before 17:00 (Т+0) Payment date and time: 25.04.24 Limit orders execution method: at prices of limit offset orders equal to the cut-off price or those more favorable for the seller --------------------------------------------------------------------------- ----------------------------------------------------------- BID PARAMETERS AT OFFERING: ---------------------------------------------- ------------ Number of participants: 5 Number of orders submitted (all / active): 8 / 8 including: – limit: 7 / 7 – market: 1 / 1 Volume of active orders*, mln tenge: 29,002.7 including: – limit: 28,502.7 – market: 500.0 Bid to ask: 71.0 % "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 79.4205 – maximum 82.1704 – weighted average 81.5327 Yield on orders submitted, % APR (on all / active ones): – minimum 12.0500 – maximum 12.7000 – weighted average 12.1977 ------------------------------------------------------------ * 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 67.8 %, brokers and dealers – for 0.3 %, other institutional investors – for 31.9 %. ---------------------------------------------------------------------- BID PARAMETERS AT ADDITIONAL OFFERING: ---------------------------------------------------- ----------------- Number of participants: 2 Number of orders submitted (all / active): 2 / 2 Volume of active orders*, mln tenge: 16,391.6 Bid to ask: 66.7 % --------------------------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants. The entire volume of active orders came from institutional investors. OFFERING RESULTS: ---------------------------------------------------------------------- Volume of orders executed, bonds: 51,110,068 Volume of orders executed, tenge: 41,888,813,086.5 Number of orders executed: 6 Number of participants, whose orders were executed: 4 Volume of executed orders, % of plan: 102.2 Volume of executed orders, % of the bid: 92.1 "Clean" price in orders executed, % of face value: – minimum 81.5244 – maximum 82.1704 – weighted average 81.7468 Yield of bonds to maturity for buyer, % APR: – minimum 12.0500 – maximum 12.2000 – weighted average 12.1489 ---------------------------------------------------------------------- In terms of the main categories of investors in the offering, 41.2 % fell on banks, 58.8 % – on other institutional investors. Taking into account the earlier offering, the total volume of MEUKAM-168 of the third issue (KZKD00000949, MUM168_0003) amounted to 412,490,040 bonds for the amount of the face value of KZT412,490,040,000. Settlements for this offering will be carried out according to the T+2 scheme. MEUKAM 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. The Rules of issue, placement, circulation, service and maturity of government treasury bonds 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 Detailed information on the issue of these bonds is available at https://kase.kz/en/gsecs/show/MUM168_0003/ [2024-04-23]