/KASE, June 11, 2024/ – Kazakhstan Stock Exchange (KASE) announces that 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 KASE's trading system today on the terms below
(Astana time).
------------------------------------------------------------
BID PARAMETERS AT OFFERING:
------------------------------------------ -----------------
Number of participants: 9
Number of orders submitted (all / active): 29 / 28
including:
– limit: 24 / 23
– market: 5 / 5
Volume of active orders*, mln tenge: 59,586.6
including:
– limit: 50,636.6
– market: 8,950.0
Bid to ask: 121.1 %
"Clean" price on orders submitted, % of face
value (on all / active ones):
– minimum 88.8127
– maximum 96.5523
– weighted average 95.2218 / 95.2283
Yield on orders submitted, % APR (on all / active ones):
– minimum 12.8500
– maximum 15.0000
– weighted average 13.2017 / 13.2002
-------------------------------------------------------------
* 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 83.3 %,
other institutional investors – for 16.7 %.
OFFERING RESULTS:
--------------------------------------------------- --------------------
Volume of orders executed, bonds: 45,256,721
Volume of orders executed, tenge: 44,699,730,314.2
Number of orders executed: 21
Number of participants, whose orders were executed: 9
Volume of executed orders, % of plan: 90.5
Volume of executed orders, % of the bid: 74.8
"Clean" cut-off price: 95.2307
"Clean" price in orders executed, % of face value:
– minimum 95.2307
– maximum 96.5523
– weighted average 95.5693
Yield at cut-off price 13.2000
Yield of bonds to maturity for buyer, % APR:
– minimum 12.8500
– maximum 13.2000
– weighted average 13.1097
------------------------------------------------------------------------
In terms of the main categories of investors during the offering, 77.7 % of the
total volume was purchased by banks, 22.3 % – by other institutional investors.
Taking into account the earlier offering, the total volume of MEUKAM
KZKD00001251 (MUM072_0015) made up 222,026,208 bonds for the amount of
the face value of KZT222,026,208,000.
Settlements on 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 working
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: 11.06.24
Current maturity: 5.7 years (2,066 days)
Declared offering volume, mln KZT: 50,000.0
Trade subject: "clean" price
Market order execution rate, %: from 0 to 100 depending
on market demand
Order submission method: closed
Order collection time: 09:00–12:00
Order confirmation time: 09:00–12:00
Cut-off date and time: 11.06.24, 15:00
Payment date: 13.06.24
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
-----------------------------------------------------------------
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
http://kase.kz/en/gsecs/show/MUM072_0015
[2024-06-11]