/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 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

[2024-02-20]