/KASE, June 25, 2024/ – Kazakhstan Stock Exchange (KASE) informs that on
June 25, 2024, KASE trading system held two sessions of specialized trading (for
placement and additional placement) of government medium-term treasury
obligations of the Ministry of Finance of the Republic of Kazakhstan (MEOKAM)
were held subject to the following terms and conditions (Astana time).
PLACEMENT CONDITIONS:
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Trading date: 25.06.24
Maturity: 2.2 years (801 days)
Declared placement volume, mln KZT: 40 000.0
Trading subject: "clean" price
Extent of market order execution, %: 0 - 100 depending on market
demand
Order submission method: closed
Order acceptance time: 09:00–12:00
Order confirmation time: 09:00–12:00
Cut-off date and time: 25.06.24, 15:00
Payment date: 27.06.24
Execution method of limited offset orders: proportionally to sizes of offset
orders
Execution method of limited orders: at prices of limited offset orders
equal to the cut-off price or more
favorable for the seller
Execution method of market orders: at average weighted price
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From 15:30 to 16:00 Astana time, KASE trading system held specialized trading
for additional placement of the specified bonds on the following terms and
conditions.
ADDITIONAL OFFERING CONDITIONS:
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Trading date: 25.06.24
Maturity: 2.2 years (801 days)
Declared volume of additional offering, mln KZT: 30,000.0
Trading subject: "clean" price
Extent of execution of market orders, %: 0
Order submission method: closed
Order acceptance time: 15:30–16:00
Order confirmation time: 15:30–16:00
Cut-off time: before 17:00 (Т+0)
Payment date and time: 27.06.24
Execution method of limited orders: at prices of limited offset orders equal to
the cut-off price or more favorable for the seller
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DEMAND PARAMETERS UPON OFFERING:
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Number of participants: 6
Number of submitted orders (total / active), 18 / 18
including:
– limited: 17 / 17
– market: 1 / 1
Volume of active orders*, mln KZT, 43,152.1
including:
– limited: 39,152.1
– market: 4,000.0
Supply to demand: 103.2 %
"Clean" price under submitted orders, % of
the face value
(under all / under active):
– maximum 100.0354
– minimum 100.9720
– average weighted 100.6110
Yield under submitted orders, % p.a. (under all / under active):
– maximum 13.3500
– minimum 13.8500
– average weighted 13.5419
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* active orders – orders that have not been canceled by trading participants at the time of
expiry of the order submission period, including those confirmed by participants of the
Confirmation System.
In the total volume of active orders, banks accounted for 99.9 % broker and
dealer organizations – for 0.1 %.
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DEMAND PARAMETERS UPON ADDITIONAL OFFERING:
---------------------------------------------------------------- --------------------------
Number of participants: 1
Number of submitted orders (total / active): 2 / 2
Volume of active orders*, mln KZT: 7,334.0
Demand to supply: 23.3 %
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* active orders – orders that have not been canceled by trading participants at the time of
expiry of the order submission period, including those confirmed by participants of the
сonfirmation System.
Banks accounted for the entire volume of active orders.
RESULTS OF ADDITIONAL OFFERING:
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Volume of executed orders, bonds: 23,455.656
Volume of executed orders, KZT: 24,574.685.299.0
Number of executed orders: 10
Number of participants with executed orders: 5
Volume of executed orders, % of the target: 58.6
Volume of executed orders, % of the demand: 48.6
"Clean" price in executed orders, % of the face value:
– minimum 100.6900
– maximum 100.9720
– average weighted 100.8711
Yield of bonds repayable for buyer, % p.a.:
– minimum 13.3500
– maximum 13.5000
– average weighted 13.4019
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In the breakdown of main categories of investors, during the placement, 99.8% of
the total volume was purchased by banks, 0.2% by broker and dealer
organizations.
Given the previous placement, total volume of MEOKAM KZK200000729
(MOM048_0054) was 430,036,011 bonds with a nominal value of
430,036,011,000 KZT.
Calculations for this placement will be carried out according to the T+2 scheme.
MEKAM sold at today's auction will be admitted to circulation on the KASE
secondary market under a ticker set out in the table on the next business day
after the day of discharge of obligations under the transactions. In this case,
bonds must be quoted in the KASE trading system in clean prices.
Rules for issue, placement, circulation, servicing and redemption of government
treasury obligations of the Republic of Kazakhstan are available at
https://kase.kz/files/mix/newgko.pdf
Rules for placement of government treasury obligations of the Republic of
Kazakhstan are available at
https://kase.kz/files/normative_base/mekam_placement.pdf
Details about the issue of these bonds are available at
https://kase.kz/ru/gsecs/show/MOM048_0054/
[2024-06-25]