/KASE, June 25, 2024/ – Kazakhstan Stock Exchange (KASE) reports 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: 7.8 years (2,811 days)
Declared volume of placement, mln KZT: 40,000.0
Trading subject: "clean" price
Extent of execution of market orders, %: 0 - 100 depending on the market
demand
Order submission date: 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
Market order execution method: 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: 7.8 years (2,811 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
Limited order execution method: at prices of limited offset orders
equal to the cut-off price or more
favorable for seller
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DEMAND PARAMETERS UPON PLACEMENT:
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Number of participants: 5
Number of submitted orders (total / active), 13 / 11
including:
– limited: 12 / 10
– market: 1 / 1
Volume of active orders*, mln KZT, 18,412.6
including:
– limited: 16,912.6
– market: 1,500.0
Demand to supply: 59.3 %
"Clean" price under submitted orders, % of face value
(under all / under active):
– minimum 75.0959
– maximum 77.2154
– average weighted 75.9572 / 75.9143
Yield under submitted orders, % p.a. (under all / under active):
– minimum 13.3000
– maximum 13.8500
– average weighted 13.6244 / 13.6350
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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 confirmed by participants of the
сonfirmation System.
In the total volume of active orders, banks accounted for 98.7 %, other
institutional investors – for 1.3 %.
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DEMAND PARAMETERS UPON ADDITIONAL PLACEMENT:
------------------------------------------------------------------------------------------------
Number of participants: 1
Number of submitted orders (total / active): 1 / 1
Volume of active orders*, mln KZT: 23,438.9
Demand to supply: 100.0 %
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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 confirmed by participants of the
Confirmation System.
Institutional investors accounted for the entire volume of the active orders.
PLACEMENT RESULTS:
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Volume of executed orders, bonds: 38,219,886
Volume of executed orders, KZT: 29,861,056,168.9
Number of executed orders: 6
Number of participants with executed orders: 3
Volume of executed orders, % of the target: 95.5
Volume of executed orders, % of the demand: 71.1
"Clean" price in executed orders, % of face value:
– minimum 76.4353
– maximum 77.2154
– average weighted 76.4631
Yield of bonds payable for buyer, % p.a.:
– minimum 13.3000
– maximum 13.5000
– average weighted 13.4905
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In terms of main categories of investors, during the placement, 20.7% of the
total volume was purchased by banks, 79.3% by other institutional investors.
Given the previous placement, total volume of MEUKAM KZKD00000949
(MUM168_0003) made 500,319,081 bonds with a face value of
500,319,081,000 KZT.
Settlements 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 ticker 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/MUM168_0003/
[2024-06-25]