/KASE, June 10, 2025/ – 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 10, 2025 on the terms below (Astana time).

OFFERING TERMS

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Trade date:                                 10.06.25                   
Current maturity:                           1.5 years (523 days)       
Declared offering volume, mln KZT:          60,000.0                   
Trade subject:                              "clean" price              
Market order execution rate, %:             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:                      10.06.25, 15:00            
Payment date:                               12.06.25                   
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   
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From 15:30 to 16:00 o'clock, Astana time, the issuer planned to additionally place the indicated bonds for the amount of KZT 30,000.0 mln in KASE's trading system during a special trading session. The special trading session on additional offering was declared invalid due to the fact that at the end of the order collection period there were no active orders in KASE's trading and clearing system.

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BID PARAMETERS AT OFFERING:                                 
------------------------------------------ -----------------
Number of participants:                    10               
Number of orders submitted (all / active): 45 / 34          
including:                                                  
– limit:                                   43 / 32          
– market:                                  2 / 2            
Volume of active orders*, mln tenge:       95,691.8         
including:                                                  
– limit:                                   83,291.8         
– market:                                  12,400.0         
Bid to ask:                                179.9 %          
"Clean" price on orders submitted, % of face value          
(on all / active ones):                                     
– minimum                                  85.4503          
– maximum                                  86.6191          
– weighted average                         85.9370 / 85.9055
Yield on orders submitted, % APR (on all / active ones):    
– minimum                                  16.0000          
– maximum                                  17.1000          
– weighted average                         16.6421 / 16.6685
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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 62.8 %, broker-dealer organizations – for 0.1 %, other institutional investors – for 2.1 %, other legal entities – for 35.0 %.

OFFERING RESULTS:

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Volume of orders executed, bonds:                   44,818,589      
Volume of orders executed, tenge:                   39,867,518,445.3
Number of orders executed:                          14              
Number of participants, whose orders were executed: 6               
Volume of executed orders, % of plan:               74.7            
Volume of executed orders, % of the bid:            41.5            
"Clean" price in orders executed, % of face value:                  
– minimum                                           86.0845         
– maximum                                           86.6191         
– weighted average                                  86.1892         
Yield of bonds to maturity for buyer, % APR:                        
– minimum                                           16.0000         
– maximum                                           16.5000         
– weighted average                                  16.4013         
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In terms of the main categories of investors, during the offering, 37.6 % of the total volume was purchased by banks, 5.0 % – by other institutional investors, 57.4 % – by other legal entities.

Taking into account the previously conducted placement, the total volume of MEUKAM KZKD00000493 (MUM180_0005) amounted to 163,412,456 bonds with a par value of 163,412,456,000 tenge.

Settlements on this offering will be carried out according to the T+2 scheme. MEKKAM 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

[2025-06-10]