/KASE, June 7, 2023/ – 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 June 7, 2023 on the terms below (Astana time).

OFFERING TERMS

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Trade date:                                 07.06.23                   
Current maturity:                           6.7 years (2,397 days)     
Declared offering volume, mln KZT:          30,000.0                   
Trade subject:                              "clean" price              
Market order execution ratio, %:            70                         
Order submission method:                    closed                     
Order collection time:                      09:00–12:00                
Order confirmation time:                    09:00–12:00                
Cut-off date and time:                      07.06.23, 15:00            
Payment date:                               09.06.23                   
Method of execution of limit offset orders: pro rata to amounts        
                                            of offset orders           
Method of execution of limit orders:        at prices of limit offset  
                                            orders equal to the cut-off
                                            price or those more        
                                            favorable for the seller   
Method of execution of market orders:       at weighted average price  
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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:

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Trade date:                                   07.06.23                   
Current maturity:                             6.7 years (2,397 days)     
Declared additional offering volume, mln KZT: 20,000.0                   
Trade subject:                                "clean" price              
Market order execution rate, %:               0                          
Order submission method:                      closed                     
Order collection time:                        15:30–16:00                
Order confirmation time:                      15:30–16:00                
Cut-off time:                                 before 17:00 (Т+0)         
Payment date:                                 09.06.23                   
Method of execution of limit orders:          at prices of limit offset  
                                              orders equal to the cut-off
                                              price or those more        
                                              favorable for the seller   
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BID PARAMETERS AT OFFERING:                                
--------------------------------------------- -------------
Number of participants:                       7            
Number of orders submitted (all / active):    10 / 10      
including:                                                 
– limit:                                      9 / 9        
– market:                                     1 / 1        
Volume of active orders*, mln tenge:          56,767.6     
including:                                                 
– limit:                                      55,767.6     
– market:                                     1,000.0      
Bid to ask:                                   х2.1 times   
"Clean" price on orders submitted, %                       
of face value (on all / active ones):                      
– minimum                                     86.4289      
– maximum                                     87.3715      
– weighted average                            87.3406      
Yield on orders submitted, % APR                           
(on all / active ones):                                    
– minimum                                     14.0000      
– maximum                                     14.2500      
– weighted average                            14.0081      
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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.             

In the total volume of active orders, banks accounted for 51.5 %, other institutional investors – for 48.2 %, individuals – for 0.3 %.

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BID PARAMETERS AT ADDITIONAL OFFERING:                              
--------------------------------------------------- ----------------
Number of participants:                             1               
Number of orders submitted (all / active):          1 / 1           
Volume of active orders*, mln tenge:                27,357.3        
Bid to ask:                                         150.0 %         
--------------------------------------------------- -----------------                
* 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:

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Volume of orders executed, bonds:                   89,272,056      
Volume of orders executed, tenge:                   81,408,030,991.4
Number of orders executed:                          8               
Number of participants, whose orders were executed: 7               
Volume of executed orders, % of plan:               297.6           
Volume of executed orders, % of the bid:            96.7            
"Clean" price in orders executed, % of face value:  87.3715         
Yield of bonds to maturity for buyer, % APR:        14.0000         
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In terms of the main categories of investors during the placement, 32.6 % of the total volume was bought by banks, 67.2 % - by other institutional investors, 0.2 % - by individuals.

Taking into account the earlier offering, the total volume of MEUKAM-96 of the 13th issue (KZKD00001202, MUM096_0013), made up 303,438,806 bonds for the amount of the face value of KZT303,438,806,000.

Settlements on 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 working 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 see more

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

Detailed information on the issue of these bonds is available at see more

[2023-06-07]