Kazakhstan's Ministry of Finance on February 20 placed 38.2 mln MEUKAM- 192 of third issue (KZKD00000626, MUM192_0003) on KASE at yield to maturity of 11.50 % APR

20.02.24 18:08
/KASE, February 20, 2024/ – 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 February 20, 2024 on the terms below (Astana time). OFFERING TERMS ------------------------------------- --------------------------- Trade date: 20.02.24 Current maturity: 4.6 years (1,650 days) Declared offering volume, mln tenge: 40,000.0 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: 20.02.24, 15:00 Payment date: 22.02.24 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 ----------------------------------------------------------------- From 15:30 to 16:00 o'clock, Astana time, the issuer planned to additionally place the indicated bonds for the amount of KZT10,000.0 mln in KASE's trading system during a special trading session. The special trading session on additional offering was declared invalid due to the fact that at the end of the order collection period there were no active orders in KASE's trading and clearing system. ------------------------------------------------------------ BID PARAMETERS AT OFFERING: ------------------------------------------ ----------------- Number of participants: 9 Number of orders submitted (all / active): 44 / 40 including: – limit: 38 / 36 – market: 6 / 4 Volume of active orders*, mln tenge: 175,199.6 including: – limit: 144,154.6 – market: 31,045.0 Bid to ask: х5.8 times "Clean" price on orders submitted, % of face value (on all / active ones): – minimum 58.8460 – maximum 79.4518 – weighted average 74.6302 / 73.7067 Yield on orders submitted, % APR (on all / active ones): – minimum 11.5000 – maximum 20.0000 – weighted average 13.1940 / 13.4501 -------------------------------------------------------------- * 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 81.5 %, other institutional investors – for 18.5 %. OFFERING RESULTS: -------------------------------------------------------------------- Volume of orders executed, bonds: 38,194,377 Volume of orders executed, tenge: 31,233,078,335.6 Number of orders executed: 5 Number of participants, whose orders were executed: 4 Volume of executed orders, % of plan: 95.5 Volume of executed orders, % of the bid: 16.6 "Clean" price in orders executed, % of face value: 79.4518 Yield of bonds to maturity for buyer, % APR: 11.5000 -------------------------------------------------------------------- In terms of the main categories of investors during the offering, 99.4 % of the total volume was purchased by banks, 0.6 % – by other institutional investors. Taking into account the earlier offering, the total volume of MEUKAM-192 of the third issue (KZKD00000626, MUM192_0003) amounted to 173,732,185 bonds for the amount of the face value of KZT173,732,185,000. Settlements on this offering will be carried out according to the T+2 scheme. MEUKAM 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 working 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 http://kase.kz/files/mix/newgko.pdf The Rules of placement of government treasury bonds of the Republic of Kazakhstan are available at http://kase.kz/files/normative_base/mekam_placement_eng.pdf Detailed information on the issue of these bonds is available at https://kase.kz/ru/gsecs/show/MUM192_0003/ [2024-02-20]