Kazakhstan's Ministry of Finance on February 20 placed 30.0 mln MEUKAM-84 of 19th issue (KZKD00001244, MUM084_0019) on KASE at 12.00 % APR

20.02.24 18:14
/KASE, February 20, 2024/ – A 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) today. Below are the bid parameters and results of the special trading session. ----------------------------------------------------------- BID PARAMETERS: --------------------------------------------- ------------- Number of participants: 7 Number of orders submitted (all / active): 10 / 10 including: – limit: 9 / 9 – market: 1 / 1 Volume of active orders*, mln tenge: 62,250.0 including: – limit: 62,000.0 – market: 250.0 Bid to ask: х2.1 times "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 12.0000 – maximum 13.7500 – weighted average 12.1815 Yield on orders submitted, % APR (on all / on active ones): – minimum 12.0000 – maximum 13.7500 – weighted average 12.2306 --------------------------------------------------------------- * 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 46.6 %, other institutional investors – for 48.6 %, other legal entities – for 4.8 %. OFFERING RESULTS: --------------------------------------------------- ---------------- Volume of orders executed, bonds: 30,000,000 Volume of orders executed, tenge: 30,000,000,000.0 Number of orders executed: 4 Number of participants, whose orders were executed: 3 Volume of executed orders, % of plan: 100.0 Volume of executed orders, % of the bid: 48.2 "Clean" price in orders executed, % of face value: 100.0000 Yield of bonds to maturity for buyer, % APR: 12.0000 -------------------------------------------------------------------- The total volume during the offering was purchased by institutional investors. 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. --------------------------------------------------------------- OFFERING TERMS: ------------------------------------- ------------------------- Trade date: 20.02.24 Declared offering volume, mln KZT: 30,000.0 Trade subject: coupon rate 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 single cut-off price Market orders execution method: at weighted average price --------------------------------------------------------------- The Rules of issue, placement, circulation, service and maturity of government treasury obligations 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 Details of the mentioned bond issue are available at https://kase.kz/en/gsecs/show/MUM084_0019/ [2024-02-20]