/KASE, May 21, 2024/ – A repeated special trading session for the offering of government short-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEKKAM) was held in the trading system of Kazakhstan Stock Exchange (KASE) today. Below are the bid parameters and results of the special trading session.

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BID PARAMETERS:                                             
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Number of participants:                    5                
Number of orders submitted (all / active): 20 / 18          
including:                                                  
– limit:                                   19 / 17          
– market:                                  1 / 1            
Volume of active orders*, mln tenge:       74,848.7         
including:                                                  
– limit:                                   73,848.7         
– market:                                  1,000.0          
Bid to ask:                                х2.8 times       
Price on orders submitted, % of face value                  
(on all / on active ones):                                  
– minimum                                  89.6292          
– maximum                                  90.2365 / 90.1646
– weighted average                         89.8600 / 89.8513
Yield on orders submitted, % APR (on all / active ones):    
– minimum                                  12.2500          
– maximum                                  13.1000          
– weighted average                         12.7761 / 12.7881
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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 banks.

OFFERING RESULTS:

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Volume of orders executed, bonds:                   308,982,728     
Volume of orders executed, tenge:                   27,804,401,455.3
Number of orders executed:                          6               
Number of participants, whose orders were executed: 2               
Volume of executed orders, % of plan:               103.0           
Volume of executed orders, % of the bid:            37.1            
"Clean" cut-off price, %:                           89.9497         
"Clean" price in orders executed, % of face value:                  
– minimum                                           89.9497         
– maximum                                           90.1646         
– weighted average                                  89.9869         
Yield at cut-off price, % APR:                      12.6500         
Yield of bonds to maturity for buyer, % APR:                        
– minimum                                           12.3500         
– maximum                                           12.6500         
– weighted average                                  12.5980         
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Taking into account the previous offering, the total volume of MEKKAM-12 of issue 157 (KZK100000332, MKM012_0157) amounted to 936,198,778 bonds with a total face value of KZT93,619,877,800.

Settlements for this offering will be carried out according to the T+2 scheme. MEKAM 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 business day after the day of fulfillment of obligations under deals. The bonds must be quoted in KASE's trading system in clean prices.

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OFFERING TERMS:                                                                            
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Trade date:                                 21.05.24                                       
Current maturity:                           325 days                                       
Declared offering volume, mln tenge:        30,000.0                                       
Trade subject:                              "clean" price                                  
Market order execution rate, %:             from 0 to 100 depending                        
                                            on market demand                               
Order submission method:                    closed                                         
Order collection time:                      09:00–13:00                                    
Order confirmation time:                    09:00–13:00                                    
Cut-off date and time:                      21.05.24, 15:00                                
Payment date:                               23.05.24                                       
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                       
Market order execution method:              at weighted average                            
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The Rules of issue, placement, circulation, service and maturity of government treasury obligations 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

Details of the mentioned bond issue are available at see more

[2024-05-21]