Ministry of Finance of Kazakhstan placed 20.8 million MEUKAM KZKD00000758 (MUM156_0005) on KASE on July 2 with a weighted average yield to maturity of 13.45% p.a.
/KASE, July 2, 2024/ – Kazakhstan Stock Exchange (KASE) reports that on July 2, 2024, KASE trading system held two sessions of specialized trading (to place and additionally place) government long-term treasury obligations of the Ministry of Finance of the Republic of Kazakhstan (MEUKAM) on the following terms and conditions (Astana time).
PLACEMENT CONDITIONS:
---------------------------------------- -----------------------------------------
Trading date: 02.07.24
Maturity: 3.0 years (1,068 days)
Declared placement volume, mln KZT: 40,000.0
Trading subject: "clean" price
Execution extent of market orders, %*: 0 – 100 depending on the market
demand
Order submission method: closed
Order acceptance time: 09:00–12:00
Order confirmation time: 09:00–12:00
Cutoff time: 02.07.24, 15:00
Payment date and time: 04.07.24
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
seller
Execution method of market orders: at average weighted price
----------------------------------------------------------------------------------
From 15:30 to 16:00, Astana time, KASE trading system held specialized trading to additionally place the specified bonds on the following terms and conditions.
CONDITIONS OF ADDITIONAL PLACEMENT:
------------------------------------------------- ---------------------------------------
Trading date: 02.07.24
Maturity: 3.0 years (1,068 days)
Declared volume of additional placement, mln KZT: 25,000.0
Trading subject: "clean" price
Execution extent of market orders, %: 0
Order submission method: closed
Order acceptance time: 15:30–16:00
Order confirmation time: 15:30–16:00
Cutoff time: before 17:00 (Т+0)
Payment date and time: 04.07.24
Execution method of limit orders: at prices of limit offset orders
equal to the cutoff price or more
favorable for the seller
------------------------------------------------- -----------------------------------------
DEMAND PARAMETERS UPON ADDITIONAL PLACEMENT:
------------------------------------------------- -----------------------------------------
Number of participants: 5
Number of submitted orders (total / active), 17 / 16
including:
– limit: 16 / 15
– market: 1 / 1
Volume of active orders*, mln KZT, 48,529.1
including:
– limit: 46,529.1
– market: 2,000.0
Demand to supply: 140.8 %
"Clean" price under submitted orders, % of the
face value (under all / under active):
– minimum 85.3938
– maximum 86.2245
– average weighted 85.8749 / 85.8745
Yield under submitted orders, % p.a. (under all /
under active):
– minimum 13.4000
– maximum 13.8000
– average weighted 13.5677 / 13.5678
---------------------------------------------------------------------------------------------
* active orders – orders that have not been canceled by trading participants at the time of
expiry of the order submission period, including those confirmed by participants of the
Confirmation System.
In the total volume of active orders, banks accounted for 99.1 %, other institutional investors – for 0.9 %.
------------------------------------------------------------------------------------------- DEMAND PARAMETERS UPON ADDITIONAL PLACEMENT: ----------------------------------------------------------------- ------------------------- Number of participants: 1 Number of submitted orders (total / active): 1 / 1 Volume of active orders*, mln KZT: 432.0 Demand to supply: 2.0 % ------------------------------------------------------------------------------------------- * active orders – orders that have not been canceled by trading participants at the time of expiry of the order submission period, including those confirmed by participants of the сonfirmation System.
Institutional investors accounted for the entire volume of active orders.
PLACEMENT RESULTS:
------------------------------------------- ---------------- Volume of executed orders, bonds: 20,814,758 Volume of executed orders, KZT: 17,984,395,521.9 Number of executed orders: 7 Number of participants with executed orders 3 Volume of executed orders, % of the target: 52.0 Volume of executed orders, % of the demand: 36.6 "Clean" price in executed orders, % of the face value: – minimum 86.0157 – maximum 86.2245 – average weighted 86.1116 Yield of bonds for redemption for buyer, % p.a.: – minimum 13.4000 – maximum 13.5000 – average weighted 13.4536 ------------------------------------------------------------
In terms of main categories of investors, during the placement, 97.6% of the total volume was purchased by banks, 2.4% by other institutional investors.
Given the previously made placement, total volume of MEUKAM KZKD00000758 (MUM156_0005) was 394,116,225 bonds for an amount of face value 394,116,225,000 KZT.
Settlements under this placement will be carried out according to the T+2 scheme. MEUKAM sold at today's auction will be admitted to circulation on the KASE secondary market under ticker set out in the table on the next business day after the day of discharge of obligations under the transactions. In this case, the bonds must be quoted in the KASE trading system in clean prices.
Rules for issue, placement, circulation, servicing and redemption of government treasury obligations of the Republic of Kazakhstan posted at see more
Rules for placement of government treasury obligations of the Republic of Kazakhstan are available at see more
Detailed information about the issue of these bonds is posted at see more
[2024-07-02]