/KASE, April 2, 2024/ – Kazakhstan Stock Exchange (KASE) announces that a repeated 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 KASE's trading system on April 2, 2024 on the terms below (Astana time).

OFFERING TERMS

------------------------------------------- ---------------------------
Trade date:                                 02.04.24                   
Current maturity:                           3.0 years (1,075 days)     
Declared offering volume, mln KZT:          50,000.0                   
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:                      02.04.24, 15:00            
Payment date:                               04.04.24                   
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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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.

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BID PARAMETERS AT OFFERING:                                 
------------------------------------------ -----------------
Number of participants:                    7                
Number of orders submitted (all / active): 37 / 32          
including:                                                  
– limit:                                   33 / 29          
– market:                                  4 / 3            
Volume of active orders*, mln tenge:       62,368.0         
including:                                                  
– limit:                                   47,868.0         
– market:                                  14,500.0         
Bid to ask:                                146.9 %          
"Clean" price on orders submitted, % of face value          
(on all / active ones):                                     
– minimum                                  83.3910          
– maximum                                  85.9480          
– weighted average                         84.7493 / 84.8220
Yield on orders submitted, % APR (on all / active ones):    
– minimum                                  11.3000          
– maximum                                  12.5000          
– weighted average                         11.8459 / 11.8210
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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 74.4 %, other institutional investors – for 21.4 %, other legal entities – for 1.5 %.

OFFERING RESULTS:

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Volume of orders executed, bonds:                   38,628,047      
Volume of orders executed, tenge:                   33,170,705,684.8
Number of orders executed:                          12              
Number of participants, whose orders were executed: 4               
Volume of executed orders, % of plan:               77.3            
Volume of executed orders, % of the bid:            52.6            
"Clean" price in orders executed, % of face value:                  
– minimum                                           85.5143         
– maximum                                           85.9480         
– weighted average                                  85.7653         
Yield of bonds to maturity for buyer, % APR:                        
– minimum                                           11.3000         
– maximum                                           11.5000         
– weighted average                                  11.3823         
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In terms of the main categories of investors, during the placement, 54.8 % of the total volume was purchased by banks, 45.2 % – by other institutional investors.

Taking into account the earlier offering, the total volume of MEUKAM-180 of the sixth issue (KZKD00000535, MUM180_0006) amounted to 426,160,274 bonds for the amount of the face value of KZT426,160,274,000.

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 see more

The Rules of placement of government treasury bonds of the Republic of Kazakhstan are available at see more

Detailed information on the issue of these bonds is available at see more

[2024-04-02]