Kazakhstan's Ministry of Finance on June 18 placed 41.5 mln MEUKAM KZKD00001244 (MUM084_0019) on KASE at weighted average yield to maturity of 13.28 % APR

18.06.24 18:55
/KASE, June 18, 2024/ – A 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: 9 Number of orders submitted (all / active): 26 / 23 including: – limit: 24 / 22 – market: 2 / 1 Volume of active orders*, mln tenge: 62,194.3 including: – limit: 60,194.3 – market: 2,000.0 Bid to ask: 158.7 % "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 93.4960 – maximum 95.5506 / 95.1347 – weighted average 94.0628 / 94.0586 Yield on orders submitted, % APR (on all / on active ones): – minimum 13.0000 – maximum 13.5000 – weighted average 13.3604 / 13.3614 -------------------------------------------------------------------- * 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 89.9 %, other institutional investors – for 10.1 %. OFFERING RESULTS: --------------------------------------------------- ---------------- Volume of orders executed, bonds: 41,462,206 Volume of orders executed, tenge: 40,759,806,849.5 Number of orders executed: 18 Number of participants, whose orders were executed: 9 Volume of executed orders, % of plan: 103.7 Volume of executed orders, % of the bid: 65.3 "Clean" price in orders executed, % of face value: – minimum 93.9020 – maximum 95.1347 – weighted average 94.3726 Yield of bonds to maturity for buyer, % APR: – minimum 13.1000 – maximum 13.4000 – weighted average 13.2845 -------------------------------------------------------------------- In terms of the main categories of investors during the offering, 84.6 % of the total volume was purchased by banks, 15.4 % – by other institutional investors. Taking into account the previous offering, the total volume of MEUKAM KZKD00001244 (MUM084_0019) amounted to 277,465,599 bonds with a nominal value of 277,465,599,000 tenge. 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: 18.06.24 Current maturity: 6.7 years (2,404 days) Declared offering volume, mln KZT: 40,000.0 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: 18.06.24, 15:00 Payment date: 20.06.24 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 obligations 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 Details of the mentioned bond issue are available at https://kase.kz/en/gsecs/show/MUM084_0019/ [2024-06-18]