/KASE, December 17, 2025/ – Today, the repeated special trading session was held in the Kazakhstan Stock Exchange's (KASE) trading system for placement of government mid-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEOKAM). Below are the demand parameters and special trading session results.

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DEMAND PARAMETERS:                                                           
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Number of participants:                             9                        
Number of orders submitted (total / active),        29 / 25                  
including:                                                                   
– limit:                                            27 / 23                  
– market:                                           2 / 2                    
Volume of active orders*, mln tenge,                159,426.1                
including:                                                                   
– limit:                                            147,726.1                
– market:                                           11,700.0                 
Demand vs. offering:                                x3.0                     
Clean price in submitted orders, % of par (for all / active):                
– minimum                                           98.1764                  
– maximum                                           105.4002                 
– weighted average                                  102.1801 / 102.0413      
Yield on submitted orders, % per annum (for all / active):                   
– minimum                                           15.3000                  
– maximum                                           17.5000                  
– weighted average                                  16.2523 / 16.2915        
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* 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 63.7%, the broker- dealer organizations accounted for below 0.1%, other institutional investors accounted for 16.9%, other legal entities accounted for 19.4%, and individuals accounted for below 0.1%.

PLACEMENT RESULTS:

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Volume of executed orders, bonds:                  49,715,793      
Volume of executed orders, tenge:                  53,780,113,665.5
Number of executed orders:                         11              
Number of participants which orders were executed: 3               
Volume of executed orders, % of plan:              99.4            
Volume of executed orders, % of demand:            32.8            
Clean price in executed orders, % of par:                          
– minimum                                          104.7487        
– maximum                                          105.4002        
– weighted average                                 104.8793        
Bond yield to maturity for the buyer, % per annum:                 
– minimum                                          15.3000         
– maximum                                          15.4900         
– weighted average                                 15.4514         
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During the placement, the entire volume was purchased by banks.

Taking into account the previously conducted placement, the total volume of MEOKAM KZK200000778 (MOM060_0055) amounted to 157,930,572 bonds with a face value of 157,930,572,000 tenge.

Settlement for this placement will be carried out on December 19, 2025 (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.

PLACEMENT CONDITIONS:

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Trading date:                         12.17.25                     
Term to maturity:                     4.8 years (1,732 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:                         12.17.25, 15:00              
Payment date and time:                12.19.25                     
Method of execution of limit          at prices of limit           
orders:                               counter orders equal to      
                                      the cut-off price or those   
                                      more favorable for the seller
Limit counter orders                  proportional to amounts      
execution method:                     of counter orders            
Method of execution of market orders: at the weighted average price
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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 the specified bonds is published at see more

[2025-12-17]