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

------------------------------------------------------------
BID PARAMETERS:                                             
------------------------------------------ -----------------
Number of participants:                    10               
Number of orders submitted (all / active): 34 / 26          
including:                                                  
– limit:                                   31 / 24          
– market:                                  3 / 2            
Volume of active orders*, mln tenge:       38,734.8         
including:                                                  
– limit:                                   35,134.8         
– market:                                  3,600.0          
Bid to ask:                                х2.0 times       
Price on orders submitted, % of face value                  
(on all / on active ones):                                  
– minimum                                  86.7721          
– maximum                                  95.0326          
– weighted average                         93.3675 / 93.7261
Yield on orders submitted, % APR (on all / active ones):    
– minimum                                  12.4000          
– maximum                                  15.0000          
– weighted average                         12.8817 / 12.7889
------------------------------------------------------------
* 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 81.9 %, other institutional investors – for 8.3 %, and other legal entities – for 9.8 %.

OFFERING RESULTS:

--------------------------------------------------- ----------------
Volume of orders executed, bonds:                   24,201,878      
Volume of orders executed, tenge:                   23,222,174,983.1
Number of orders executed:                          14              
Number of participants, whose orders were executed: 6               
Volume of executed orders, % of plan:               121.0           
Volume of executed orders, % of the bid:            59.6            
"Clean" cut-off price, %:                           94.0260         
"Clean" price in orders executed, % of face value:                  
– minimum                                           94.0260         
– maximum                                           95.0326         
– weighted average                                  94.3325         
Yield at cut-off price, % APR:                      12.7000         
Yield of bonds to maturity for buyer, % APR:                        
– minimum                                           12.4000         
– maximum                                           12.7000         
– weighted average                                  12.6083         
--------------------------------------------------------------------

In terms of the main categories of investors, during the offering, 70.6 % of the total volume was purchased by banks, 13.0 % – by other institutional investors, 16.4 % – by other legal entities.

Taking into account the previous offering, the total volume of MEUKAM-108 of 13th issue (KZKD00001087, MUM108_0013) amounted to 372,251,708 bonds with a total face value of KZT372,251,708,000.

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.

-----------------------------------------------------------------------
OFFERING TERMS:                                                        
------------------------------------------- ---------------------------
Trade date:                                 21.05.24                   
Current maturity:                           4.9 years (1,750 days)     
Declared offering volume, mln KZT:          20,000.0                   
Trade subject:                              "clean" price              
Market order execution ratio, %:            from 0 to 100 depending    
                                            on market demand           
Order submission method:                    closed                     
Order collection time:                      09:00–13:00                
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   
Method of execution of market orders:       at weighted average price  
-----------------------------------------------------------------------

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]