Kazakhstan's Ministry of Finance on April 14 placed 61.0 mln MEUKAM KZKD00001327 (MUM096_0016) on KASE at weighted average yield to maturity of 15.24 % APR
/KASE, April 14, 2026/ – Kazakhstan Stock Exchange (KASE) announces that two special trading sessions (for the offering and additional offering) of government long-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEUKAM) were held in KASE's trading system on April 14, 2026 on the terms below (Astana time).
OFFERING TERMS
------------------------------------- ---------------------------
Trade date: 14.04.26
Current maturity: 7.9 years (2,848 days)
Declared offering volume, mln tenge: 10,000.0
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: 14.04.26, 15:00
Payment date: 16.04.26
Limit offset orders execution method: pro rata to amounts
of offset orders
Limit orders execution method: at prices of limit offset
orders equal to the cut-off
price or those more
favorable for the seller
Market orders execution method: 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: 14.04.26
Current maturity: 7.9 years (2,848 days)
Declared additional offering volume, mln tenge: 50,000.0
Trade subject: "clean" price
Market order execution ratio, %: 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: 16.04.26
Limit orders execution method: 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): 5 / 4 including: – limit: 5 / 4 – market: 0 / 0 Volume of active orders*, mln tenge: 13,408.0 including: – limit: 13,408.0 – market: 0.0 Bid to ask: 135.0 % "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 91.7581 – maximum 99.6888 – weighted average 97.8918 / 97.8927 Coupon rate on orders submitted, % APR (on all / active ones): – minimum 15.1500 – maximum 17.0500 – weighted average 15.5554 / 15.5552 ----------------------------------------------------------------- * 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 75.1 %, other institutional investors – for 11.0 %, other legal entities – for 13.9 %.
----------------------------------------------------------- BID PARAMETERS AT ADDITIONAL OFFERING: ---------------------------------------------- ------------ Number of participants: 3 Number of orders submitted (all / active): 3 / 3 Volume of active orders*, mln tenge: 50,364.5 Bid to ask: 100.0% ---------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants.
Institutional investors accounted for 99.98 % of the total volume of active orders, while individuals accounted – for 0.02 %.
OFFERING RESULTS:
-------------------------------------------------------------------- Volume of orders executed, bonds: 61,007,876 Volume of orders executed, tenge: 61,442,927,942.4 Number of orders executed: 5 Number of participants, whose orders were executed: 4 Volume of executed orders, % of plan: 610.1 Volume of executed orders, % of the bid: 96.1 "Clean" price in orders executed, % of face value: – minimum 99.2468 – maximum 99.6888 – weighted average 99.2870 Yield of bonds to maturity for buyer, % APR: – minimum 15.1500 – maximum 15.2500 – weighted average 15.2402 --------------------------------------------------------------------
In terms of the main categories of investors during the offering, 16.4 % of the total volume was purchased by banks, 83.6 % – by other institutional investors, less than 0.1 % – by individuals.
Taking into account the previously conducted placement, the total volume of MEUKAM KZKD00001327 (MUM096_0016) amounted to 231,074,846 bonds with a par value of 231,074,846 tenge.
Settlements for this offering will be carried out on April 16, 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.
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
[2026-04-14]