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16.07.2024 19:26 #Trading information

Kazakhstan's Ministry of Finance on July 16 placed 594.4 mln MEKKAM KZK100000357 (MKM012_0158) on KASE at weighted average yield to maturity of 13.23 % APR

/KASE, July 16, 2024/ – Kazakhstan Stock Exchange (KASE) announces that two special trading sessions (for the offering and additional offering) of government short-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEKKAM) were held in KASE's trading system on July 16, 2024 on the terms below (Astana time).

OFFERING TERMS

------------------------------------- ---------------------------
Trade date:                           16.07.24                   
Current maturity:                     353 days                   
Declared offering volume, mln KZT:    50,000.0                   
Trade subject:                        "clean" price              
Market order execution rate, %:       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:                16.07.24, 15:00            
Payment date:                         18.07.24                   
Limit offset orders execution method: pro rata to amounts        
                                      of offset orders           
Limit orders execution method:        at prices of limit offset  
                                      orders equal to the cut-off
                                      price or those more        
                                      favorable for the seller   
Market orders execution method:       at weighted average price  
-----------------------------------------------------------------

From 15:30 to 16:00 o'clock, Astana time, a special trading session for additional offering of the mentioned bonds was held in KASE's trading system on the terms below.

ADDITIONAL OFFERING TERMS:

--------------------------------------------------------------------------------
Trade date:                                     16.07.24                        
Current maturity:                               353 days                        
Declared additional offering volume, mln tenge: 10,000.0                        
Trade subject:                                  "clean" price                   
Market order execution rate, %:                 0                               
Order submission method:                        closed                          
Order collection time:                          15:30–16:00                     
Order confirmation time:                        15:30–16:00                     
Cut-off time:                                   before 17:00 (Т+0)              
Payment date:                                   18.07.24                        
Limit orders execution method:                  at prices of limit offset orders
                                                equal to the cut-off price or   
                                                those more favorable for        
                                                the seller                      
--------------------------------------------------------------------------------
------------------------------------------------------------
BID PARAMETERS AT OFFERING:                                 
------------------------------------------ -----------------
Number of participants:                    7                
Number of orders submitted (all / active): 42 / 38          
including:                                                  
– limit:                                   39 / 35          
– market:                                  3 / 3            
Volume of active orders*, mln tenge:       114,282.2        
including:                                                  
– limit:                                   108,177.2        
– market:                                  6,105.0          
Bid to ask:                                х2.6 times       
"Clean" price on orders submitted, % of face value          
(on all / on active ones):                                  
– minimum                                  88.3725          
– maximum                                  88.8248          
– weighted average                         88.6440 / 88.6236
Yield on orders submitted, % APR (on all / active ones):    
– minimum                                  13.1000          
– maximum                                  13.7000          
– weighted average                         13.3404 / 13.3661
--------------------------------------------------------------------------
* 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 98.8 %, other institutional investors accounted – 0.1 %, other legal entities – for 1.1 %.

--------------------------------------------------------------------
BID PARAMETERS AT ADDITIONAL OFFERING:                              
--------------------------------------------------- ----------------
Number of participants:                             1               
Number of orders submitted (all / active):          1 / 1           
Volume of active orders*, mln tenge:                8,872.5         
Bid to ask:                                         100.0 %         
---------------------------------------------------                 
* active orders – orders not annulled by trade participants         
  at expiry of order submission period including those                
  confirmed by Confirmation System participants.                      

The entire volume of active orders originated from banks.

OFFERING RESULTS:

--------------------------------------------------------------------
Volume of orders executed, bonds:                   594,443,355     
Volume of orders executed, tenge:                   52,742,204,723.6
Number of orders executed:                          18              
Number of participants, whose orders were executed: 6               
Volume of executed orders, % of plan:               118.9           
Volume of executed orders, % of the bid:            42.8            
"Clean" price in orders executed, % of face value:                  
– minimum                                           88.6735         
– maximum                                           88.8248         
– weighted average                                  88.7254         
Yield of bonds to maturity for buyer, % APR:                        
– minimum                                           13.1000         
– maximum                                           13.3000         
– weighted average                                  13.2310         
--------------------------------------------------------------------

In terms of the main categories of investors, during the placement, 97.3 % of the total volume was purchased by banks, 0.2 % – by other institutional investors, 2.5 % – by other legal entities.

Taking into account the earlier offering, the total volume of MEKKAM KZK100000332 (MKM012_0157) amounted to 994,443,355 bonds for the amount of face value of KZT99,444,335,500.

Settlements for this offering will be carried out according to the T+2 scheme. MEKKAM 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 business 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

[2024-07-16]