/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 long-term treasury
obligations of the Ministry of Finance of the Republic of Kazakhstan (MEUKAM)
on the following terms and conditions (Astana time).
PLACEMENT CONDITIONS:
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Trading date: 25.06.24
Maturity: 5.7 years (2,052 days)
Declared volume of placement, mln KZT: 50,000.0
Trading subject: "clean" price
Extent of execution of market orders, %: 0 - 100 depending on the 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 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: 5.7 years (2,052 days)
Declared volume of additional placement, 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 seller
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DEMAND PARAMETERS UPON OFFERING:
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Number of participants: 9
Number of submitted orders (total / active), 22 / 22
including:
– limited: 19 / 19
– market: 3 / 3
Volume of active orders*, mln KZT, 39,561.5
including:
– limited: 29,261.5
– market: 10,300.0
Demand to supply: 81.2 %
"Clean" price under submitted orders, % of the face value
(under all / active):
– minimum 92.3232
– maximum 94.8684
– average weighted 93.7628
Yield under submitted orders, % p.a. (under all / under active):
– minimum 13.3000
– maximum 14.0000
– average weighted 13.6007
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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 67.6 %, broker and
dealer organizations – for 0.2%, other institutional investors – for 32.2 %.
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DEMAND PARAMETERS UPON ADDITIONAL PLACEMENT:
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Number of participants: 4
Number of submitted orders (total / active): 5 / 5
Volume of active orders*, mln KZT: 35,006.9
Demand to supply: 119.0 %
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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 14.3 broker and dealer
organizations – for 1.4 %, other institutional investors – for 84.3 %.
PLACEMENT RESULTS:
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Volume of executed orders, bonds: 49,837,428
Volume of executed orders, KZT: 48,869,915,879.9
Number of executed orders: 15
Number of participants with executed orders: 9
Volume of executed orders, % of the target: 99.7
executed orders, % of the demand: 65.3
"Clean" price in executed orders, % of the nominal:
– minimum 94.1316
– maximum 94.8684
– average weighted 94.3920
Yield of bonds repayable for buyer, % p.a.:
– minimum 13.3000
– maximum 13.5000
– average weighted 13.4299
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In the breakdown of main categories of investors, during the placement, 20.4% of
the total volume were purchased by banks, 1.1% by broker and dealer
organizations, 78.5% by other institutional investors.
Given the previous placement, the total volume of MEUKAM KZKD00001251
(MUM072_0015) made 271,863,636 bonds with a nominal value of
271,863,636,000 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 the trading code indicated in the table on the next
business day after the day of discharge of obligations under the transactions.
In this case, the 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
More details about the issue of these bonds are available at
https://kase.kz/ru/gsecs/show/MUM072_0015/
[2024-06-25]