Kazakhstan's Ministry of Finance on April 2 placed 38.6 mln MEUKAM-180 of sixth issue (KZKD00000535, MUM180_0006) on KASE at weighted average yield to maturity of 11.38 % APR

02.04.24 18:17
/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 ----------------------------------------------------------------------- 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. ------------------------------------------------------------ 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 ------------------------------------------------------------ * 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: -------------------------------------------------------------------- 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 -------------------------------------------------------------------- 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 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/MUM180_0006/ [2024-04-02]