/KASE, March 12, 2024/ – Kazakhstan Stock Exchange (KASE) announces that
a repeated special trading session for the offering of government mid-term
treasury bonds of the Ministry of Finance of the Republic of Kazakhstan
(MEOKAM) was held in KASE's trading system today on the terms below
(Astana time).
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BID PARAMETERS AT OFFERING:
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Number of participants: 8
Number of orders submitted (all / active): 30 / 30
including:
– limit: 26 / 26
– market: 4 / 4
Volume of active orders*, mln tenge: 118,008.5
including:
– limit: 99,008.5
– market: 19,000.0
Bid to ask: х5.9 times
"Clean" price on orders submitted, % of face
value (on all / active ones):
– minimum 96.3915
– maximum 98.6091
– weighted average 97.7022
Yield on orders submitted, % APR (on all / active ones):
– minimum 11.5100
– maximum 12.9000
– weighted average 12.0707
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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 86.9 %,
other institutional investors – for 12.7 %, other legal entities – for 0.4 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 25,465,867
Volume of orders executed, tenge: 25,511,695,657.2
Number of orders executed: 5
Number of participants, whose orders were executed: 3
Volume of executed orders, % of plan: 127.3
Volume of executed orders, % of the bid: 21.4
"Clean" price in orders executed, % of face value: 98.6091
Yield of bonds to maturity for buyer, % APR: 11.5100
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In terms of the main categories of investors, 98.0 % of the total volume was
purchased by banks, 2.0 % – by other legal entities.
Taking into account the earlier offering, the total volume of MEOKAM-48 of the
52nd issue (KZK200000687, MOM048_0052) made up 382,910,420 bonds for
the amount of the face value of KZT382,910,420,000.
Settlements on 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 working
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:
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Trade date: 12.03.24
Current maturity: 1.9 years (669 days)
Declared offering volume, mln tenge: 20,000.0
Trade subject: "clean" price
Market order execution ratio, %: from 0 to 100 depending
on market demand
Order submission method: closed
Order receipt time: 09:00–12:00
Order confirmation time: 09:00–12:00
Cut-off date and time: 12.03.24, 15:00
Payment date: 14.03.24
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 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/en/gsecs/show/MOM048_0052/
[2024-03-12]