On June 20, the Ministry of Finance of Kazakhstan placed on KASE 33.0 mln MEUKAM KZKD00001251 (MUM072_0015) with weighted average yield to maturity of 16.85% per annum
/KASE, June 20, 2025/ – The Kazakhstan Stock Exchange (KASE) announces that on June 20, 2025, two special trading session were held in the KASE's trading system for placement and additional placement of government long-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEUKAM) under the conditions below (Astana time).
PLACEMENT CONDITIONS:
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Trading date: 20.06.25
Term to maturity: 4.7 years (1,697 days)
Declared placement volume, mln tenge: 40,000.0
Trade subject: clean price
Market order execution rate, %: from 0 to 100 depending
on market demand
Order submission method: closed
Order acceptance time: 09:00–12:00
Order confirmation time: 09:00–12:00
Cut-off time: 20.06.25, 15:00
Cut-off date and time: 24.06.25
Limit counter orders proportional to amounts
execution method: of counter orders
Method of execution of limit at prices of limit
orders: counter orders equal to
the cutoff price or those
more favorable for the seller
Method of execution of market orders: at the weighted average price
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From 15:30 to 16:00 Astana time, a special trading session for additional placement of the specified bonds was held in the KASE's trading system under the conditions below.
ADDITIONAL PLACEMENT CONDITIONS:
------------------------------------------------ -----------------------------
Trading date: 20.06.25
Term to maturity: 4.7 years (1,697 days)
Declared additional placement volume, mln tenge: 35,000.0
Trade subject: clean price
Market order execution rate, %: 0
Order submission method: closed
Order acceptance time: 15:30–16:00
Order confirmation time: 15:30–16:00
Cut-off time: until 17:00 (T+0)
Cut-off date and time: 24.06.25
Method of execution of limit at prices of limit
orders: counter orders equal to
the cutoff price or those
more favorable for the seller
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----------------------------------------------------------------------------- DEMAND PARAMETERS DURING PLACEMENT: ---------------------------------------------------- ------------------------ Number of participants: 7 Number of orders submitted (total / active), 15 / 12 including: - limit: 15 / 12 - market: 0 / 0 Volume of active orders*, mln tenge, 26,292.9 including: - limit: 26,292.9 - market: 0.0 Bid to ask: 74.8% Clean price in submitted orders, % of par (for all / active): – minimum 82.4262 – maximum 85.8367 – weighted average 84.2933 / 84.2549 Yield on submitted orders, % per annum (for all / active): – minimum 16.5000 – maximum 17.7500 – weighted average 17.0562 / 17.0702 -------------------------------------------------------------------------- * active orders – orders that have not been cancelled by the trading participants at the time of the order submission period expiration, including those confirmed by participants of the Confirmation System.
Of the total volume of active orders, the banks accounted for 86.8%, broker- dealer organizations accounted for 4.0%, other legal entities accounted for 9.1%, and individuals accounted for 0.1%.
----------------------------------------------------------------------------- DEMAND PARAMETERS DURING ADDITIONAL PLACEMENT: -------------------------------------------------------- -------------------- Number of participants: 5 Number of orders submitted (total / active): 5 / 5 Volume of active orders*, mln tenge: 21,584.0 Bid to ask: 69.7% ----------------------------------------------------------------------------- * active orders – orders that have not been cancelled by the trading participants at the time of the order submission period expiration, including those confirmed by participants of the Confirmation System.
Of the total volume of active orders, the broker-dealer organizations accounted for 16.4%, other institutional investors accounted for 81.9%, and other legal entities accounted for 1.7%.
PLACEMENT RESULTS:
-------------------------------------------------- ---------------- Volume of executed orders, bonds: 32,977,729 Volume of executed orders, tenge: 29,158,102,210.4 Number of executed orders: 10 Number of participants which orders were executed: 8 Volume of executed orders, % of plan: 82.4 Volume of executed orders, % of demand: 60.7 Clean price in executed orders, % of par: – minimum 84.7245 – maximum 85.8367 – weighted average 84.8509 Bond yield to maturity for the buyer, % per annum: – minimum 16.5000 – maximum 16.9000 – weighted average 16.8511 -------------------------------------------------------------------
In terms of the main categories of investors during placement, 21.2% of the total volume was purchased by banks, 12.1% by broker-dealer organizations, 60.7% by other institutional investors, and 6.0% by other legal entities.
Taking into account the previously conducted placement, the total volume of MEUKAM KZKD00001251 (MUM072_0015) amounted to 542,553,020 bonds with a face value of 542,553,020,000 tenge.
Settlements for this placement will be carried out according to the T+2 scheme. The MEKAMs sold at today's auction will be admitted to circulation on the KASE's secondary market under the trading code indicated in the table on the next working day after fulfillment of the transaction obligations. At that, the bonds must be quoted in the KASE's trading system in clean prices.
The rules for issue, placement, circulation, servicing and redemption of government treasury bonds of the Republic of Kazakhstan are published at see more
The rules for placement of government treasury bonds of the Republic of Kazakhstan are published at see more
Detailed information on the issue of these bonds is published at see more
[2025-06-20]