Kazakhstan's Ministry of Finance on April 16 placed 5.5 mln MEUKAM-96 of 11th issue (KZKD00001095, MUM096_0011) on KASE at weighted average yield to maturity of 11.45 % APR

16.04.24 18:28
/KASE, April 16, 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 16, 2024 on the terms below (Astana time). OFFERING TERMS ------------------------------------------- --------------------------- Trade date: 16.04.24 Current maturity: 4.5 years (1,631 days) Declared offering volume, mln KZT: 30,000.0 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: 16.04.24, 15:00 Payment date: 18.04.24 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 KZT20,000.0 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: 6 Number of orders submitted (all / active): 12 / 12 including: – limit: 9 / 9 – market: 3 / 3 Volume of active orders*, mln tenge: 29,478.3 including: – limit: 26,178.3 – market: 3,300.0 Bid to ask: 98.9 % "Clean" price on orders submitted, % of face value (on all / active ones): – minimum 91.5734 – maximum 96.7065 – weighted average 94.3750 Yield on orders submitted, % APR (on all / active ones): – minimum 11.4000 – maximum 13.0000 – weighted average 12.1116 ----------------------------------------------------------- * 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 98.2 %, other institutional investors – for 0.3 %, other legal entities – for 1.5 %. OFFERING RESULTS: ------------------------------------------------------------------- Volume of orders executed, bonds: 5,491,116 Volume of orders executed, tenge: 5,573,676,554.6 Number of orders executed: 5 Number of participants, whose orders were executed: 3 Volume of executed orders, % of plan: 18.3 Volume of executed orders, % of the bid: 18.5 "Clean" price in orders executed, % of face value: – minimum 95.0615 – maximum 96.7065 – weighted average 96.5303 Yield of bonds to maturity for buyer, % APR: – minimum 11.4000 – maximum 11.9000 – weighted average 11.4511 ------------------------------------------------------------------- In terms of the main categories of investors, during the placement 90.3 % of the total volume was purchased by banks, 1.8 % – by other institutional investors, 7.9 % – by other legal entities. Taking into account the earlier offering, the total volume of MEUKAM-96 of the 11th issue (KZKD00001095, MUM096_0011) amounted to 176,562,088 bonds for the amount of the face value of KZT176,562,088,000. 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/MUM096_0011/ [2024-04-16]