/KASE, May 28, 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 28, 2024 on the terms below (Astana time).

OFFERING TERMS

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Trade date:                           28.05.24                   
Current maturity:                     10.8 years (3,882 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:                28.05.24, 15:00            
Payment date:                         30.05.24                   
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:                                     28.05.24                   
Current maturity:                               10.8 years (3,882 days)    
Declared additional offering volume, mln tenge: 20,000.0                   
Trade subject:                                  "clean" price              
Market order execution ratio, %:                0                          
Order submission method:                        closed                     
Order receipt time:                             15:30–16:00                
Order confirmation time:                        15:30–16:00                
Cut-off time:                                   before 17:00 (Т+0)         
Payment date and time:                          30.05.24                   
Limit orders execution method:                  at prices of limit offset  
                                                orders equal to the cut-off
                                                price or those more        
                                                favorable for the seller   
---------------------------------------------------------------------------

-----------------------------------------------------------
BID PARAMETERS AT OFFERING:                                
---------------------------------------------- ------------
Number of participants:                        3           
Number of orders submitted (all / active):     7 / 7       
including:                                                 
– limit:                                       7 / 7       
– market:                                      0 / 0       
Volume of active orders*, mln tenge:           23,222.4    
including:                                                 
– limit:                                       23,222.4    
– market:                                      0.0         
Bid to ask:                                    88.3 %      
"Clean" price on orders submitted, % of face value         
(on all / on active ones):                                 
– minimum                                      84.4057     
– maximum                                      86.9546     
– weighted average                             85.3540     
Yield on orders submitted, % APR (on all / active ones):   

– minimum 12.5000 – maximum 13.0000 – weighted average 12.8112

---------------------------------------------------------------
* 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 37.4 %, other institutional investors – for 62.6 %.

----------------------------------------------------------------------
BID PARAMETERS AT ADDITIONAL OFFERING:                                
----------------------------------------------------- ----------------
Number of participants:                               2               
Number of orders submitted (all / active):            2 / 2           
Volume of active orders*, mln tenge:                  7,562.7         
Bid to ask:                                           42.5 %          
---------------------------------------------------------------------                 
* active orders – orders not annulled by trade participants           
  at expiry of order submission period including those                  
  confirmed by Confirmation System participants.                        

The entire volume of active orders came from institutional investors.

OFFERING RESULTS:

----------------------------------------------------------------------
Volume of orders executed, bonds:                     10,000,000      
Volume of orders executed, tenge:                     8,897,287,777.8 
Number of orders executed:                            5               
Number of participants, whose orders were executed:   2               
Volume of executed orders, % of plan:                 33.3            
Volume of executed orders, % of the bid:              28.6            
"Clean" price in orders executed, % of face value:                    
– minimum                                             86.4360         
– maximum                                             86.9546         
– weighted average                                    86.6951         
Yield of bonds to maturity for buyer, % APR:                          
– minimum                                             12.5000         
– maximum                                             12.6000         
– weighted average                                    12.5500         
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During the offering the total amount was purchased by other institutional investors.

Taking into account the earlier offering, the total volume of MEUKAM-168 of the fifth issue (KZKD00001111, MUM168_0005) amounted to 361,655,929 bonds for the amount of the face value of KZT361,655,929,000.

Settlements for 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 business 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

[2024-05-28]