/KASE, October 7, 2025/ – Kazakhstan Stock Exchange (KASE) announces that two special trading sessions (for the offering and additional offering) of government medium-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEOKAM) were held in KASE's trading system on October 7, 2025 on the terms below (Astana time).

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OFFERING TERMS                                                          
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Trade date:                                 07.10.25                    
Declared offering volume, mln KZT:          60,000.0                    
Trade subject:                              coupon rate                 
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:                      07.10.25, 15:00             
Payment date:                               09.10.25                    
Method of execution of limit offset orders: pro rata to amounts         
                                            of offset orders            
Method of execution of limit orders:        at the single cut-off price 
Method of execution of market orders:       at the single cut-off price 
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From 15:30 to 16:00 o'clock, Astana time, the issuer planned to additionally place the indicated bonds for the amount of KZT 60,000.0 mln in KASE's trading system during a special trading session. The special trading session on additional offering was declared invalid due to the fact that at the end of the order collection period there were no active orders in KASE's trading and clearing system.

BID PARAMETERS AT OFFERING:

--------------------------------------------- -------------------
Number of participants:                       3                  
Number of orders submitted (all / active):    5 / 4              
including:                                                       
– limit:                                      4 / 3              
– market:                                     1 / 1              
Volume of active orders*, mln tenge:          1,609.0            
including:                                                       
– limit:                                      1,109.0            
– market:                                     500.0              
Bid to ask:                                   2.7 %              
Rate of coupon on orders submitted, % APR (on all / active ones):
– minimum                                     16.9500            
– maximum                                     19.0000 / 17.8500  
– weighted average                            17.9692 / 17.6488  
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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 62.1 %, other institutional investors – for 31.1 %, individuals – for 6.8 %.

OFFERING RESULTS:

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Volume of orders executed, bonds:                   363,333      
Volume of orders executed, tenge:                   363,333,000.0
Number of orders executed:                          2            
Number of participants, whose orders were executed: 2            
Volume of executed orders, % of plan:               0.6          
Volume of executed orders, % of the bid:            22.6         
Rate of coupon in orders executed, % APR:           16.9500      
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In terms of the main categories of investors, 70.0 % of the total volume of the placement was purchased by institutional investors, 30.0 % – by individuals.

Settlements on this offering will be carried out on October 9, 2025 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 working 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

[2025-10-07]