/KASE, April 9, 2024/ – Kazakhstan Stock Exchange (KASE) announces that two
special trading sessions (for the offering and additional offering) of
government long-term treasury bonds of the Ministry of Finance of the Republic
of Kazakhstan (MEUKAM) were held in KASE's trading system on April 9, 2024
on the terms below (Astana time).
OFFERING TERMS
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Trade date: 09.04.24
Current maturity: 9.9 years (3,548 days)
Declared offering volume, mln tenge: 40,000.0
Trade subject: "clean" price
Market order execution rate, %: 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: 09.04.24, 15:00
Payment date: 11.04.24
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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From 15:30 to 16:00 o'clock, Astana time, a special trading session for
additional offering of the mentioned bonds was held in KASE's trading
system on the terms below.
ADDITIONAL OFFERING TERMS:
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Trade date: 09.04.24
Current maturity: 9.9 years (3,548 days)
Declared additional offering volume, mln tenge: 15,000.0
Trade subject: "clean" price
Market order execution rate, %: 0
Order submission method: closed
Order receipt time: 15:30–16:00
Order confirmation time: 15:30–16:00
Cut-off time: before 17:00 (Т+0)
Payment date: 11.04.24
Limit orders execution method: at prices of limit offset
orders equal to the cut-off
price or those more
favorable for the seller
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BID PARAMETERS AT OFFERING:
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Number of participants: 5
Number of orders submitted (all / active): 11 / 9
including:
– limit: 10 / 8
– market: 1 / 1
Volume of active orders*, mln tenge: 43,605.7
including:
– limit: 43,105.7
– market: 500.0
Bid to ask: 121.4 %
"Clean" price on orders submitted, % of face value
(on all / active ones):
– minimum 85.8660
– maximum 89.3919 / 88.6192
– weighted average 88.3750 / 88.2856
Yield on orders submitted, % APR (on all / active ones):
– minimum 12.0000 / 12.1500
– maximum 12.7000
– weighted average 12.1977 / 12.2150
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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 30.8 %,
other institutional investors – for 69.2 %.
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BID PARAMETERS AT ADDITIONAL OFFERING:
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Number of participants: 1
Number of orders submitted (all / active): 1 / 1
Volume of active orders*, mln tenge: 13,520.6
Bid to ask: 100.0 %
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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.
The total volume of active orders came from institutional investors.
OFFERING RESULTS:
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Volume of orders executed, bonds: 49,054,709
Volume of orders executed, tenge: 44,216,541,160.8
Number of orders executed: 4
Number of participants, whose orders were executed: 3
Volume of executed orders, % of plan: 122.6
Volume of executed orders, % of the bid: 77.2
"Clean" price in executed orders, % of face value: 88.6192
Yield of bonds to maturity for buyer, % APR: 12.1500
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In terms of the main categories of investors during the offering, 1.1 %
of the total volume was bought by banks, 98.9 % – by other institutional
investors.
Taking into account the earlier offering, the total volume of MEUKAM-156 of the
seventh issue (KZKD00001103, MUM156_0007) made up 505,591,912 bonds for
the amount of face value of KZT505,591,912,000.
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/MUM156_0007/
[2024-04-09]