On June 20, the Ministry of Finance of Kazakhstan placed on KASE 20.5 mln MUIKAM KZKB00000040 (MUX072_0003) with yield to maturity of 13.80% 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 indexed treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MUIKAM) under the conditions below (Astana time).
PLACEMENT CONDITIONS:
------------------------------------- -----------------------------
Trading date: 20.06.25
Term to maturity: 5.8 years (2,081 days)
Declared placement volume, mln tenge: 50,000.0
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 at prices of limit
execution method: counter orders equal to
the cutoff price or those
more favorable for the seller
Method of execution of limit proportional to amounts
orders: of counter orders
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: 5.8 years (2,081 days)
Declared additional placement volume, mln tenge: 50,000.0
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: 3 Number of orders submitted (total / active), 5 / 5 including: - limit: 5 / 5 - market: 0 / 0 Volume of active orders*, mln tenge, 20,630.7 including: - limit: 20,630.7 - market: 0.0 Bid to ask: 46.2% Clean price in submitted orders, % of par (for all / active): – minimum 83.6939 – maximum 100.0000 – weighted average 86.0029 Yield on submitted orders, % per annum (for all / active): – minimum 13.8000 – maximum 18.6300 – weighted average 17.8585 ------------------------------------------------------------------------ * 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 63.5%, broker- dealer organizations accounted for 34.0%, and other institutional investors accounted for 2.5%.
----------------------------------------------------------------------------- DEMAND PARAMETERS DURING ADDITIONAL PLACEMENT: -------------------------------------------------------- -------------------- Number of participants: 2 Number of orders submitted (total / active): 2 / 2 Volume of active orders*, mln tenge: 20,646.1 Bid to ask: 40.0% ----------------------------------------------------------------------------- * 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.
The entire volume of active orders came from institutional investors.
PLACEMENT RESULTS:
-------------------------------------------------- ---------------- Volume of executed orders, bonds: 20,500,000 Volume of executed orders, tenge: 21,162,204,666.7 Number of executed orders: 3 Number of participants which orders were executed: 2 Volume of executed orders, % of plan: 41.0 Volume of executed orders, % of demand: 47.5 Clean price in executed orders, % of 100.0000 par: Bond yield to maturity for the buyer, % 13.8000 per annum: -------------------------------------------------------------------
During the placement, the entire volume was purchased by institutional investors.
Taking into account the previously conducted placement, the total volume of MUIKAM KZKB00000040 (MUX072_0003) amounted to 80,500,000 bonds with a face value of 80,500,000,000 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]