/KASE, April 22, 2025/ – A repeated special trading session for the offering of government short-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEKKAM) was held in the trading system of Kazakhstan Stock Exchange (KASE) today. Below are the parameters of bid and the results of the special trading session.

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BID PARAMETERS:                                            
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Number of participants:                       7            
Number of orders submitted (all / active):    22 / 22      
including:                                                 
– limit:                                      21 / 21      
– market:                                     1 / 1        
Volume of active orders*, mln tenge:          79,332.0     
including:                                                 
– limit:                                      79,132.0     
– market:                                     200.0        
Bid to ask:                                   х4.5 times   
Price on orders submitted, % of face value                 
(on all / on active ones):                                 
– minimum                                     87.8671      
– maximum                                     89.2595      
– weighted average                            88.6967      
Yield on orders submitted, % APR (on all / on active ones):
– minimum                                     15.2500      
– maximum                                     17.5000      
– weighted average                            16.1509      
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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.             

Of the total volume of active orders, banks accounted for 89.7 %, broker-dealer organizations – for 0.3 %, other institutional investors – for 0.3 %, and other legal entities – for 9.7 %.

OFFERING RESULTS:

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Volume of orders executed, bonds:                   217,960,042     
Volume of orders executed, tenge:                   19,420,015,180.1
Number of orders executed:                          7               
Number of participants, whose orders were executed: 3               
Volume of executed orders, % of plan:               109.0           
Volume of executed orders, % of the bid:            24.4            
"Clean" cut-off price, %:                           88.9463         
"Clean" price in orders executed, % of face value:                  
– minimum                                           88.9463         
– maximum                                           89.2595         
– weighted average                                  89.0990         
Yield at cut-off price, % APR:                      15.7500         
Yield of bonds to maturity for buyer, % APR:                        
– minimum                                           15.2500         
– maximum                                           15.7500         
– weighted average                                  15.5059         
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In terms of the main categories of investors, 91.8 % of the total volume was purchased by banks, 1.0 % – by other institutional investors, and 7.2 % – by other legal entities.

Taking into account the previous offering, the total volume of MEKKAM KZK100000373 (MKM012_0160) amounted to 2,290,672,066 bonds with a nominal value of 229,067,206,600 tenge.

Settlements for this placement will be carried out according to the T+2 scheme. MEKAM 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.

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OFFERING TERMS:                                                        
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Trade date:                                 22.04.25                   
Current maturity:                           284 days                   
Declared offering volume, mln KZT:          20,000.0                   
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:                      22.04.25, 15:00            
Payment date:                               24.04.25                   
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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The Rules of issue, placement, circulation, service and maturity of government treasury obligations 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

Details of the mentioned bond issue are available at see more

[2025-04-22]