Kazakhstan's Ministry of Finance on August 5 placed 439.6 mln MEKKAM KZK100000423 (MKM012_0161) on KASE at weighted average yield to maturity of 16.85 % APR
/KASE, August 5, 2025/ – A repeated special trading session for the offering of government mid-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 bid parameters and results of the special trading session.
----------------------------------------------------------------------------- BID PARAMETERS: ------------------------------------------------------ ---------------------- Number of participants: 13 Number of orders submitted (all / active): 54 / 54 including: – limit: 49 / 49 – market: 5 / 5 Volume of active orders*, mln tenge: 116,158.7 including: – limit: 104,064.0 – market: 12,094.7 Bid to ask: х4.4 times "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 87.5331 – maximum 88.8504 – weighted average 88.3650 Yield on orders submitted, % APR (on all / on active ones): – minimum 16.3000 – maximum 18.5000 – weighted average 17.1029 ----------------------------------------------------------------------------- * 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 41.8 %, other institutional investors – for 9.3 %, other legal entities – for 48.8 %.
OFFERING RESULTS:
--------------------------------------------------- ---------------- Volume of orders executed, bonds: 439,633,992 Volume of orders executed, tenge: 38,915,531,755.3 Number of orders executed: 23 Number of participants, whose orders were executed: 6 Volume of executed orders, % of plan: 146.5 Volume of executed orders, % of the bid: 33.4 "Clean" cut-off price, %: 88.4872 "Clean" price in orders executed, % of face value: – minimum 88.4872 – maximum 88.8504 –weighted average 88.5180 Yield at cut-off price, % APR: 16.9000 Yield of bonds to maturity for buyer, % APR: – minimum 16.3000 – maximum 16.9000 – weighted average 16.8492 --------------------------------------------------------------------
In terms of the main categories of investors during the offering, 29.4 % of the total volume was purchased by banks, 8.0 % – by other institutional investors, 62.7 % – by other legal entities.
Taking into account the previous offering, the total volume of MEKKAM KZK100000423 (MKM012_0161) amounted to 1,243,200,193 bonds with a nominal value of 124,320,019,300 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.
-----------------------------------------------------------------------
OFFERING TERMS:
------------------------------------------- ---------------------------
Trade date: 05.08.25
Current maturity: 283 days
Declared offering volume, mln KZT: 30,000.0
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: 05.08.25, 15:00
Payment date: 07.08.25
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
-----------------------------------------------------------------------
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
[2025-08-05]