Ministry of Finance of Kazakhstan placed 13.4 million MEUKAM KZKD00001194 (MUM180_0016) on KASE on June 25 with a weighted average yield to maturity of 13.49% p.a.
/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: 12.6 years (4,533 days)
Declared placement volume, mln KZT: 10,000.0
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 cutoff price or more
avorable 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 given below.
ADDITIONAL PLACEMENT CONDITIONS:
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Trading date: 25.06.24
Maturity: 12.6 years (4,533 days)
Declared volume of additional offering, mln KZT: 10,000.0
Trading subject: "clean" price
Extent of execution of market orders, %: 0
Order submission method: closed
Order acceptance method: 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 prices equal
to the cutoff price or more favorable for
the seller
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DEMAND PARAMETERS UPON PLACEMENT:
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Number of participants: 3
Number of submitted orders (total / active), 6 / 6
including:
– limited: 5 / 5
– market: 1 / 1
Volume of active orders*, mln KZT, 3,157.9
including:
– limited: 3,057.9
– market: 100.0
Demand to supply: 35.1 %
"Clean" price under submitted orders, % of the face value
(under all / under active):
– minimum 82.8039
– maximum 86.4299
– average weighted 85.3642
Yield under submitted orders, % p.a. (under all / under active):
– minimum 13.3000
– maximum 14.0000
– average weighted 13.5009
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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.
In the total volume of active orders, banks accounted for 91.4 %, other institutional investors – for 8.6 %.
------------------------------------------------------------------------------------------------- DEMAND PARAMETERS UPON ADDITIONAL OFFERING: ------------------------------------------------------------------------------------------------- Number of participants: 1 Number of submitted orders (total / active): 2 / 1 Volume of active orders*, mln KZT: 9,001.5 Demand to supply: 100.0 % ------------------------------------------------------------------------------------------------- * 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 whole volume of active orders.
PLACEMENT RESULTS:
-------------------------------------------- ---------------- Volume of executed orders, bonds: 13,411,092 Volume of executed orders, KZT: 12,072,029,571.8 Number of executed orders: 6 Number of participants with executed orders: 3 Volume of executed orders, % of the target: 134.1 Volume of executed orders, % of the demand: 99.3 "Clean" price in executed orders, % of the face value: – minimum 85.3696 – maximum 86.4299 – average weighted 85.4418 Yield of bonds repayable for buyer, % p.a.: – minimum 13.3000 – maximum 13.5000 – average weighted 13.4891 -------------------------------------------------------------
In the breakdown of the main categories of investors, during the placement, 23.2% of the total volume was purchased by banks, 76.8% by other institutional investors.
Given the previous placement, total volume of MEUKAM KZKD00001194 (MUM180_0016) was 280,544,795 bonds with a face value of 280,544,795,000 KZT.
Settlements under 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 ticker set out 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 posted at see more
Rules for placement of government treasury obligations of the Republic of Kazakhstan are available at see more
More details about the issue of these bonds are available at see more
[2024-06-25]