Kazakhstan's Ministry of Finance on May 6 placed 14.0 mln MEUKAM-108 of issue 13 (KZKD00001087, MUM108_0013) on KASE at weighted average yield to maturity of 12.30 % APR
/KASE, May 6, 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 May 6, 2024 on the terms below (Astana time).
OFFERING TERMS
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Trade date: 06.05.24
Current maturity: 4.9 years (1,765 days)
Declared offering volume, mln KZT: 20,000.0
Trade subject: "clean" price
Market order execution rate, %: 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: 06.05.24, 15:00
Payment date: 13.05.24
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: 06.05.24
Current maturity: 4.9 years (1,765 days)
Declared additional offering volume, mln KZT: 20,000.0
Trade subject: "clean" price
Market order execution ratio, %: 0
Order submission method: closed
Order collection time: 15:30–16:00
Order confirmation time: 15:30–16:00
Cut-off time: before 17:00 (Т+0)
Payment date: 13.05.24
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
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-------------------------------------------------------------------------- BID PARAMETERS AT OFFERING: ------------------------------------------------- ------------------------ Number of participants: 5 Number of orders submitted (all / active): 11 / 8 including: – limit: 10 / 8 – market: 1 / 0 Volume of active orders*, mln tenge: 24,852.7 including: – limit: 24,852.7 – market: 0.0 Bid to ask: 130.0 % "Clean" price on orders submitted, % of face value (on all / active ones): – minimum 93.3490 – maximum 96.0156 – weighted average 94.3819 / 94.2734 Yield on orders submitted, % APR (on all / active ones): – minimum 12.1100 – maximum 12.9000 – weighted average 12.5932 / 12.6224 ---------------------------------------------------------------------- * 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 96.1 %, other institutional investors – for 3.9 %.
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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: 9,667.1
Bid to ask: 50.0 %
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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:
--------------------------------------------------------------------- Volume of orders executed, bonds: 14,000,000 Volume of orders executed, tenge: 13,533,995,444.5 Number of orders executed: 4 Number of participants, whose orders were executed: 3 Volume of executed orders, % of plan: 70.0 Volume of executed orders, % of the bid: 38.9 "Clean" price in orders executed, % of face value: – minimum 95.0248 – maximum 96.0156 – weighted average 95.3575 Yield of bonds to maturity for buyer, % APR: – minimum 12.1100 – maximum 12.4000 – weighted average 12.3006 ---------------------------------------------------------------------
In terms of the main categories of investors during the offering, 21.4 % of the total volume was purchased by banks, 78.6 % – by other institutional investors.
Taking into account the earlier offering, the total volume of MEUKAM-108 of the 13th issue (KZKD00001087, MUM108_0013) amounted to 348,049,830 bonds for the amount of the face value of KZT348,049,830,000.
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
[2024-05-06]