/KASE, May 14, 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 14, 2024 on the terms below (Astana time).
OFFERING TERMS
------------------------------------- ---------------------------
Trade date: 14.05.24
Current maturity: 3.9 years (1,414 days)
Declared offering volume, mln tenge: 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: 14.05.24, 15:00
Payment date: 16.05.24
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
-----------------------------------------------------------------
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: 5
Number of orders submitted (all / active): 15 / 15
including:
– limit: 13 / 13
– market: 2 / 2
Volume of active orders*, mln tenge: 36,618.8
including:
– limit: 30,818.8
– market: 5,800.0
Bid to ask: 158.0 %
"Clean" price on orders submitted, % of face value
(on all / active ones):
– minimum 71.8423
– maximum 78.2845
– weighted average 76.8512
Yield on orders submitted, % APR (on all / active ones):
– minimum 12.3000
– maximum 15.0000
– weighted average 12.8680
--------------------------------------------------------
* 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 93.4 %,
other institutional investors – for 6.6 %.
OFFERING RESULTS:
--------------------------------------------------------------------
Volume of orders executed, bonds: 34,125,464
Volume of orders executed, tenge: 26,655,250,236.8
Number of orders executed: 8
Number of participants, whose orders were executed: 5
Volume of executed orders, % of plan: 113.8%
Volume of executed orders, % of the bid: 72.0%
"Clean" price in orders executed, % of face value:
– minimum 77.5319
– maximum 78.2845
– weighted average 77.7207
Yield of bonds to maturity for buyer, % APR:
– minimum 12.3000
– maximum 12.6000
– weighted average 12.5233
--------------------------------------------------------------------
In terms of the main categories of investors, during the offering, 90.9 % of
the total volume was purchased by banks, 9.1 % –
by other institutional investors.
Taking into account the earlier offering, the total volume of MEUKAM-192 of the
second issue (KZKD00000543, MUM192_0002) amounted to 112,173,464 bonds
for the amount of the face value of KZT112,173,464,000.
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/ru/gsecs/show/MUM192_0002/
[2024-05-14]