/KASE, September 20, 2023/ – A special trading session for the offering of government short-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEKKAM) was held in the trading system of Kazakhstan Stock Exchange (KASE) today. Below are the bid parameters and results of the special trading session.

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BID PARAMETERS:
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Number of participants:                    9
Number of orders submitted (all / active): 23 / 22
including:
– limit:                                   19 / 18
– market:                                  4 / 4
Volume of active orders*, mln tenge:       52,955.6
including:
– limit:                                   48,854.6
– market:                                  4,101.0
Bid to ask:                                х2.8 times
Price on orders submitted, % of face value
(on all / on active ones):
– minimum                                  92.5511
– maximum                                  93.5600
– weighted average                         93.4427 / 93.4455
Yield on orders submitted, % APR
(on all / active ones):
– minimum                                  14.5400
– maximum                                  17.0000
– weighted average                         14.8222 / 14.8159
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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.

In the total volume of active orders, banks accounted for 98.6 %, broker-dealer organizations accounted for 0.1%, and other institutional investors accounted for 1.3 %.

OFFERING RESULTS:

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Volume of orders executed, bonds:                   151,325,628
Volume of orders executed, tenge:                   14,154,479,810.8
Number of orders executed:                          8
Number of participants, whose orders were executed: 8
Volume of executed orders, % of plan:               75.7
Volume of executed orders, % of the bid:            26.7
"Clean" price in orders executed, % of face value:
– minimum                                           93.5348
– maximum                                           93.5600
– weighted average                                  93.5366
Yield of bonds to maturity for buyer, % APR:
– minimum                                           14.5400
– maximum                                           14.6000
– weighted average                                  14.5970
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In terms of the main categories of investors, during the placement, 95.1% of the total volume was purchased by banks, 4.9% - by other institutional investors.

Taking into account the earlier placement, the total volume of MEKKAM-12 of issue 154 (KZK100000290, MKM012_0154) amounted to 1,592,919,989 bonds for the amount of the nominal value of KZT159,291,998,900.

Settlements for this offering will be carried out 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.

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OFFERING TERMS:
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Trade date:                                 20.09.23
Current maturity:                           175 days
Declared offering volume, mln tenge:        20,000.0
Trade subject:                              "clean" price
Market order execution rate, %:             70
Order submission method:                    closed
Order collection time:                      09:00–12:00
Order confirmation time:                    09:00–12:00
Cut-off date and time:                      20.09.23, 15:00
Payment date:                               22.09.23
Method of execution of limit offset orders: pro rata to amounts
                                            of offset orders
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 market orders:       at weighted average price
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The Rules of issue, placement, circulation, service and maturity of government treasury obligations 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

Details of the mentioned bond issue are available at see more

[2023-09-20]