/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

------------------------------------- ---------------------------
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   
---------------------------------------------------------------------------

------------------------------------------------------------
BID PARAMETERS AT OFFERING:                                 
------------------------------------------ -----------------
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:                              
--------------------------------------------------- ----------------
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 %         
---------------------------------------------------                 
* 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 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

[2024-04-09]