/KASE, May 12, 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 May 12, 2026 on the terms below (Astana time).

OFFERING TERMS

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Trade date:                                 12.05.26                   
Current maturity:                           12.6 years (4,538 days)    
Declared offering volume, mln KZT:          50,000                     
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:                      12.05.26, 15:00            
Payment date:                               14.05.26                   
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  
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From 15:30 to 16:00 Astana time, the issuer planned to place an additional offering of the aforementioned bonds in the amount of 20,000.0 million tenge on KASE's trading system as part of the special trading session. The special trade for the additional offering was declared void due to the fact that there were no active orders in KASE's trading and clearing system at the end of the order acceptance period.

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BID PARAMETERS AT OFFERING:                                                  
--------------------------------------------------- -------------------------
Number of participants:                             5                        
Number of orders submitted (all / active),          20 / 17                  
incl:                                                                        
– limit:                                            20 / 17                  
– market:                                           0 / 0                    
Volume of active orders*, mln tenge:                41,542.7                 
incl:                                                                        
– limit:                                            41,542.7                 
– market:                                           0.0                      
Bid to ask:                                         130.5 %                  
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum                                           59.7295                  
– maximum                                           60.7082                  
– weighted average                                  60.5306 / 60.5304        
Yield on orders submitted, % APR (on all / active ones):                     
– minimum                                           14.9900                  
– maximum                                           15.2500                  
– weighted average                                  15.0366 / 15.0367        
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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.

OFFERING RESULTS:

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Volume of orders executed, bonds:                   54,600,925      
Volume of orders executed, tenge:                   34,828,862,371.9
Number of orders executed:                          14              
Number of participants, whose orders were executed: 5               
Volume of executed orders, % of plan:               109.2           
Volume of executed orders, % of the bid:            83.7            
"Clean" price in orders executed, % of face value:                  
– minimum                                           60.2912         
– maximum                                           60.7082         
– weighted average                                  60.6280         
Yield of bonds to maturity for buyer, % APR:                        
– minimum                                           14.9900         
– maximum                                           15.1000         
– weighted average                                  15.0110         
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Taking into account the previous placement, the total volume of MEUKAM KZKD00000725 (MUM300_0001) amounted to 441,174,094 bonds with a nominal value of 441,174,094,000 tenge.

Settlements for this offering will be carried out on May 14, 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.

As a reminder, the Ministry of Finance of the Republic of Kazakhstan, together with the National Bank of the Republic of Kazakhstan, launched the institution of primary dealers in the government securities market on May 4, 2026. The following banks have been designated as primary dealers: Bank CenterCredit JSC, Eurasian Bank JSC, Kaspi Bank JSC, ForteBank JSC, and Halyk Bank JSC.

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

[2026-05-12]