Kazakhstan's Ministry of Finance on June 23 placed 54.2 mln MEUKAM KZKD00001095 (MUM096_0011) on KASE at weighted average yield to maturity of 15.69 % APR
/KASE, June 23, 2026/ – A repeated special trading session for the offering of government long-term treasury obligations 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: 5 Number of orders submitted (all / active): 67 / 45 including: – limit: 61 / 41 – market: 6 / 4 Volume of active orders*, mln tenge: 148,817.6 including: – limit: 133,603.3 – market: 15,214.3 Bid to ask: х3.1 times "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 88.9265 – maximum 91.3791 / 90.5448 – weighted average 90.0239 / 89.9378 Yield on orders submitted, % APR (on all / active ones): – minimum 15.0200 – maximum 16.4500 – weighted average 15.8085 / 15.8533 ---------------------------------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants.
OFFERING RESULTS:
-------------------------------------------------------------------- Volume of orders executed, bonds: 54,161,612 Volume of orders executed, tenge: 52,614,613,430.3 Number of orders executed: 17 Number of participants, whose orders were executed: 5 Volume of executed orders, % of plan: 108.3 Volume of executed orders, % of the bid: 35.3 "Clean" price in orders executed, % of face value: – minimum 90.0976 – maximum 90.5448 – weighted average 90.2219 Yield of bonds to maturity for buyer, % APR: – minimum 15.5000 – maximum 15.7600 – weighted average 15.6882 --------------------------------------------------------------------
Taking into account the previously conducted placement, the total volume of MEUKAM KZKD00001095 (MUM096_0011) was 564,705,770 bonds with a par value of 564,705,770,000 tenge.
Settlements for this offering will be carried out on June 25, 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.
OFFERING TERMS
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Trade date: 23.06.26
Current maturity: 2.3 years (844 days)
Declared offering volume, mln KZT: 50,000.0
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: 23.06.26, 15:00
Payment date: 25.06.26
Limit orders execution method: at prices of limit offset orders
equal to the cut-off price or
more favorable to the seller
Limit offset orders execution method: pro rata to amounts
of offset orders
Market orders execution method: at the weighted average price
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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
[2026-06-23]