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3 July 2025, 10:02
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01.07.2025 19:48 #Trading information

Kazakhstan's Ministry of Finance raised $171.5 mln on KASE via subscription by placing seven-year international bonds XS3093655341, US486661BN03 (KZ_24_3207) at 5.00 % APR

/KASE, July 1, 2025/ – As announced earlier, an initial offering of international bonds XS3093655341, US486661BN03 ("government securities" sector, KZ_24_3207; $1,350.0 mln; 01.07.25 – 01.07.32, semi-annual coupon; 30/360) of the Ministry of Finance of the Republic of Kazakhstan was held on June 24, 2025 in the trading system of Kazakhstan Stock Exchange (KASE) by way of subscription to them. Below are parameters of the bid and results of the subscription on KASE.

Teniz Capital Investment Banking JSC (Almaty) acted as the joint bookrunner during the subscription to these bonds on KASE.

BID PARAMETERS:

-------------------------------------------------------- ---------------------
Number of participants:                                  9                    
Number of orders submitted (all / active ones),          28 / 18              
incl.:                                                                        
– limit:                                                 20 / 12              
– market:                                                8 / 6                
Volume of active orders*, mln USD:                       282.0                
incl.:                                                                        
– limit:                                                 221.2                
– market:                                                60.8                 
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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 95.7 %,             
brokers and dealers – for 0.3 %, other institutional investors – for 0.2 %,   
other legal entities – for 3.8 %.
                                            
OFFERING RESULTS:                                                             
-------------------------------------------------------- ---------------------
Volume of orders executed, bonds:                        171,500,000          
Volume of orders executed, USD:                          171,500,000.0        
Volume of executed orders, equivalent in tenge           89,118,260,000.0     
at the rate of the National Bank of the Republic                              
of Kazakhstan as of July 1:                                                   
Number of orders executed:                               11                   
Number of participants, whose orders were executed:      8                    
Yield of bonds to maturity for buyer, % APR:             5.0000               
------------------------------------------------------------------------------

In terms of the main categories of investors, 93.3 % of the total volume was purchased by banks, 0.1 % – by broker-dealer organizations, 0.3 % – by other institutional investors, and 6.3 % – by other legal entities.

According to the Central Securities Depository (Almaty), the deals on this offering by the end of settlements based on the results of the subscription were executed in full, the subscription was completed.

OFFERING TERMS:

------------------------ ----------------
Subscription date:       24.06.25        
Type of purchase orders: limit and market
Order collection time:   14:00–21:45     
Date of transactions:    01.07.25        
Date of settlements:     01.07.25        
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[2025-07-01]