/KASE, August 19, 2025/ – Kazakhstan Stock Exchange (KASE) announces that two special trading sessions (for the offering and additional offering) of government short-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEUKAM) were held in KASE's trading system on August 19, 2025 on the terms below (Astana time).

OFFERING TERMS

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Trade date:                                 19.08.25                   
Current maturity:                           13.9 years (5,016 days)    
Declared offering volume, mln tenge:        30,000.0                   
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:                      19.08.25, 15:00            
Payment date:                               21.08.25                   
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 limit offset orders: pro rata to amounts of     
                                            offset orders              
Method of execution of market orders:       at weighted average price  
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From 15:30 to 16:00 o'clock, Astana time, a special trading session for additional offering of the mentioned bonds was held in KASE's trading system on the terms below.

ADDITIONAL OFFERING TERMS:

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Trade date:                                     19.08.25                   
Current maturity:                               13.9 years (5,016 days)    
Declared additional offering volume, mln tenge: 30,000.0                   
Trade subject:                                  "clean" price              
Market order execution rate, %:                 0                          
Order submission method:                        closed                     
Order collection time:                          15:30–16:00                
Order confirmation time:                        15:30–16:00                
Cut-off date and time:                          before 17:00 (Т+0)         
Payment date:                                   21.08.25                   
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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BID PARAMETERS AT OFFERING:                                
---------------------------------------------- ------------
Number of participants:                        3           
Number of orders submitted (all / active):     10 / 10     
Volume of active orders*, mln tenge:           19,000.0    
Bid to ask:                                    113.0 %     
"Clean" price on orders submitted, % of face value         
(on all / on active ones):                                 
– minimum                                      55.1143     
– maximum                                      56.4514     
– weighted average                             55.4217     
Yield on orders submitted, % APR (on all / active ones):   

– minimum 16.5000 – maximum 16.9000 – weighted average 16.8066 ------------ * 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, broker-dealers accounted for 10.5 %, other institutional investors – for 21.1 %, other legal entities – for 68.4 %.

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BID PARAMETERS AT ADDITIONAL OFFERING:                                                          
----------------------------------------------------------------- ------------------------------
Number of participants:                                           5                             
Number of orders submitted (all / active):                        5 / 5                         
Volume of active orders*, mln tenge:                              23,513.9                      
Bid to ask:                                                       139.5 %                       
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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, broker-dealer organizations accounted for 4.3 %,

other institutional investors – for 46.8 %, other legal entities – for 48.9 %. OFFERING RESULTS:

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Volume of orders executed, bonds: 60,518,070 Volume of orders executed, tenge: 34,013,856,509.0 Number of orders executed: 10 Number of participants, whose orders were executed: 5 Volume of executed orders, % of plan: 201.7 Volume of executed orders, % of the bid: 79.9 "Clean" price in orders executed, % of face value: – minimum 55.4438 – maximum 56.4514 – weighted average 55.6014 Yield of bonds to maturity for buyer, % APR: – minimum 16.5000 – maximum 16.8000 – weighted average 16.7507

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In terms of the main categories of investors during the offering, 5.9 % of the total volume was purchased by broker-dealer organizations, 41.2 % – by other institutional investors, 52.9 % – by other legal entities.

Taking into account the previously conducted placement, the total volume of MEUKAM KZKD00000774 (MUM300_0002) amounted to 444,411,695 bonds with a par value of 444,411,695,000 tenge.

Settlements for this offering 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.

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

[2025-08-19]