/KASE, June 21, 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 21, 2024 on the terms below (Astana time).

OFFERING TERMS

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Trade date:                                 21.06.24                   
Current maturity:                           2.7 years (975 days)       
Declared offering volume, mln tenge:        30,000                     
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:                      21.06.24, 15:00            
Payment time:                               25.06.24                   
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, the issuer planned to additionally place the indicated bonds for the amount of KZT25,000.0 mln in KASE's trading system during a special trading session. The special trading session on additional offering was declared invalid due to the fact that at the end of the order collection period there were no active orders in KASE's trading and clearing system.

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BID PARAMETERS AT OFFERING:                                
---------------------------------------------- ------------
Number of participants:                        3           
Number of orders submitted (all / active):     14 / 14     
including:                                                 
– limit:                                       12 / 12     
– market:                                      2 / 2       
Volume of active orders*, mln tenge:           19,700.7    
including:                                                 
– limit:                                       15,300.7    
– market:                                      4,400.0     
Bid to ask:                                    70.8 %      
"Clean" price on orders submitted, % of face value         
(on all / active ones):                                    
– minimum                                      89.6390     
– maximum                                      90.4365     
– weighted average                             90.0068     
Yield on orders submitted, % APR (on all / active ones):   
– minimum                                      13.4000     
– maximum                                      13.8000     
– weighted average                             13.6148     
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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 92.9 %, other legal entities – for 7.1 %.

OFFERING RESULTS:

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Volume of orders executed, bonds:                   5,722,980      
Volume of orders executed, tenge:                   5,331,614,012.7
Number of orders executed:                          3              
Number of participants, whose orders were executed: 2              
Volume of executed orders, % of plan:               19.1           
Volume of executed orders, % of the bid:            26.9           
"Clean" cut-off price, %:                           90.4365        
"Clean" price in orders executed, % of face value:  90.4365        
Yield at cut-off price, % APR:                      13.4000        
Yield of bonds to maturity for buyer, % APR:        13.4000        
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In terms of the main categories of investors, during the placement, 73.7 % of the total volume was purchased by banks, 26.3 % – by other legal entities.

Taking into account the earlier offering, the total volume of MEUKAM KZKD00000899 (MUM120_0017) amounted to 484,189,901 bonds for the amount of the face value of KZT484,189,901,000.

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 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

[2024-06-21]