Kazakhstan's Ministry of Finance on January 27 placed 44.4 mln MEUKAM KZKD00001269 (MUM120_0020) on KASE at weighted average yield to maturity of 15.42 % APR
/KASE, January 27, 2026/ – A repeated special trading session for the offering of government long-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEUKAM) was held in KASE's trading system today. Below are parameters of the bid and results of the special trading session.
--------------------------------------------------------------------------------- BID PARAMETERS: ------------------------------------------------------------ -------------------- Number of participants: 6 Number of orders submitted (all / active): 15 / 14 including: – limit: 14 / 13 – market: 1 / 1 Volume of active orders*, mln tenge: 112,079.5 including: – limit: 111,079.5 – market: 1,000.0 Bid to ask: х5.3 times "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 90.7283 – maximum 93.3616 – weighted average 92.7061 / 92.7072 Yield on orders submitted, % APR (on all / active ones): – minimum 15.4000 – maximum 16.0000 – weighted average 15.5468 / 15.5465 ------------------------------------------------------------------------------ * 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 77.7 %, other legal entities – for 22.3 %, and individuals – for less than 0.1 %.
OFFERING RESULTS:
--------------------------------------------------------------------------------------- Volume of orders executed, bonds: 44,370,124 Volume of orders executed, tenge: 47,346,919,611.5 Number of orders executed: 5 Number of participants, whose orders were executed: 5 Volume of executed orders, % of plan: 221.9 Volume of executed orders, % of the bid: 42.0 "Clean" price in orders executed, % of face value: – minimum 93.0485 – maximum 93.3616 – weighted average 93.2535 Yield of bonds to maturity for buyer, % APR: – minimum 15.4000 – maximum 15.4700 – weighted average 15.4240 ---------------------------------------------------------------------------------------
In terms of the main categories of investors, 99.98 % of the total volume was purchased by banks and 0.02 % – by individuals.
Taking into account the previously conducted placement, the total volume of KZKD00001269 (MUM120_0020) amounted to 549,020,536 bonds with a par value of 549,020,536,000 tenge.
Settlements for this offering will be carried out on January 29, 2026 (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: 27.01.26
Current maturity: 9 years (3,256 days)
Declared offering volume, mln KZT: 20,000.0
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: 27.01.26, 15:00
Payment date: 29.01.26
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
-----------------------------------------------------------------------
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
[2026-01-27]