/KASE, June 4, 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 June 4, 2024
on the terms below (Astana time).
OFFERING TERMS
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Trade date: 04.06.24
Current maturity: 2.8 years (992 days)
Declared offering volume, mln tenge: 50,000
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: 04.06.24, 15:00
Payment time: 06.06.24
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
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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: 04.06.24
Current maturity: 2.8 years (992 days)
Declared additional offering volume, mln tenge: 25,000.0
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
Striking time: before 17:00 (Т+0)
Payment date: 06.06.24
Limit orders execution method: 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:
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Number of participants: 5
Number of orders submitted (all / active): 10 / 10
including:
– limit: 9 / 9
– market: 1 / 1
Volume of active orders*, mln tenge: 36,971.0
including:
– limit: 34,971.0
– market: 2,000.0
Bid to ask: 79.3 %
"Clean" price on orders submitted, % of face value (on all / active ones):
– minimum 90.3971
– maximum 91.1356
– weighted average 91.0059
Yield on orders submitted, % APR (on all / active ones):
– minimum 12.9900
– maximum 13.3500
– weighted average 13.0529
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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.
In the total volume of active orders, banks accounted for 98.7 %,
other institutional investors – for 1.3 %.
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BID PARAMETERS AT ADDITIONAL OFFERING:
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Number of participants: 2
Number of orders submitted (all / active): 2 / 2
Volume of active orders*, mln tenge: 3,301.6
Bid to ask: 14.1 %
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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.
In the total volume of active orders, banks accounted for 84.9 %,
other institutional investors – for 15.1 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 26,677,071
Volume of orders executed, tenge: 24,912,542,815.8
Number of orders executed: 4
Number of participants, whose orders were executed: 4
Volume of executed orders, % of plan: 53.4
Volume of executed orders, % of the bid: 61.8
"Clean" price in orders executed, % of face value: 91.1356
Yield of bonds to maturity for buyer, % APR: 12.9900
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In terms of the main categories of investors during the offering, 98.0 % of the
total volume was purchased by banks, 2.0 % – by other institutional investors.
Taking into account the earlier offering, the total volume of MEUKAM-120 of the
17th issue (KZKD00000899, MUM120_0017) amounted to 478,466,921 bonds
for the amount of the face value of KZT478,466,921,000.
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/en/gsecs/show/MUM120_0017/
[2024-06-04]