/KASE, September 27, 2023/ – 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 the trading system of Kazakhstan Stock Exchange (KASE). Below are the bid parameters and the results of the special trading session.

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BID PARAMETERS AT OFFERING:                                
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Number of participants:                       11           
Number of orders submitted (all / active):    27 / 27      
including:                                                 
– limit:                                      20 / 20      
– market:                                     7 / 7        
Volume of active orders*, mln tenge:          40,786.2     
including:                                                 
– limit:                                      37,035.6     
– market:                                     3,750.6      
Bid to ask:                                   х1.5 times   
"Clean" price on orders submitted, % of face value         
(on all / on active ones):                                 
– minimum                                     80.1659      
– maximum                                     90.3059      
– weighted average                            88.9822      
Yield on orders submitted, % APR                           
(on all / active ones):                                    
– minimum                                     13.0000      
– maximum                                     16.0000      
– weighted average                            13.3633      
                                              -------------
* 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 60.7 %, broker-dealer organizations – for 0.1 %, other institutional investors – for 39.0 %, and the share of other legal entities – for 0.2 %.

OFFERING RESULTS:

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Volume of orders executed, bonds:                   21,379,344      
Volume of orders executed, tenge:                   19,616,248,078.6
Number of orders executed:                          14              
Number of participants, whose orders were executed: 9               
Volume of executed orders, % of plan:               71.3            
Volume of executed orders, % of the bid:            47.6            
"Clean" price in orders executed, % of face value:                  
– minimum                                           89.9405         
– maximum                                           90.3059         
– weighted average                                  89.9656         
Yield of bonds to maturity for buyer, % APR:                        
– minimum                                           13.0000         
– maximum                                           13.1000         
– weighted average                                  13.0925         
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In terms of the main categories of investors, during the placement, 18.4 % of the total volume was purchased by banks, 0.1 % - by broker-dealer organizations, 81.1 % - by other institutional investors, 0.4 - % by other legal entities.

Taking into account the earlier offering, the total volume of MEUKAM-96 of the 12th issue (KZKD00001160, MUM096_0012) amounted to 194,940,334 bonds for the amount of the face value of KZT194,940,334,000.

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:                                 27.09.23                   
Current maturity:                           5.8 years (2,101 days)     
Declared offering volume, mln KZT:          30,000.0                   
Trade subject:                              "clean" price              
Market order execution ratio, %:            70                         
Order submission method:                    closed                     
Order collection time:                      09:00–12:00                
Order confirmation time:                    09:00–12:00                
Cut-off date and time:                      27.09.23, 15:00            
Payment date:                               29.09.23                   
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

[2023-09-27]