/KASE, February 27, 2024/ – A repeated special trading session for 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.
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BID PARAMETERS:
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Number of participants: 6
Number of orders submitted (all / active): 16 / 11
including:
– limit: 13 / 9
– market: 3 / 2
Volume of active orders*, mln tenge: 45,497.4
including:
– limit: 42,997.4
– market: 2,500.0
Bid to ask: х1.5 times
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 83.8536
– maximum 92.9419
– weighted average 92.3233 / 92.3167
Yield on orders submitted, % APR
(on all / active ones):
– minimum 12.0000
– maximum 14.0000
– weighted average 12.1266 / 12.1276
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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 34.6 %,
other institutional investors – for 65.4 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 32,519,065
Volume of orders executed, tenge: 32,272,944,456.6
Number of orders executed: 4
Number of participants, whose orders were executed: 4
Volume of executed orders, % of plan: 108.4
Volume of executed orders, % of the bid: 70.5
"Clean" price in orders executed, % of face value: 92.9419
Yield of bonds to maturity for buyer, % APR: 12.0000
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In terms of the main categories of investors, during the offering, 7.7 % of the
total volume was purchased by banks, 92.3 % – by other institutional
investors..
Taking into account the earlier offering, the total volume of MEUKAM-132 of the
seventh issue (KZKD00001152, MUM132_0007) amounted to 346,194,518
bonds for the amount of the face value of KZT346,194,518,000.
Settlements for 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
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: 27.02.24
Current maturity: 8.4 years (3,029 days)
Declared offering volume, KZT mln: 30,000.0
Trade subject: "clean" price
Market order execution rate, %: 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: 27.02.24, 15:00
Payment date: 29.02.24
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
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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
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/MUM132_0007/
[2024-02-27]