/KASE, July 23, 2024/ – Kazakhstan Stock Exchange (KASE) announces that
two special trading sessions (for the offering and additional offering) of
government long-term treasury bonds of the Ministry of Finance of the
Republic of Kazakhstan (MEUKAM) were held in KASE's trading system on
July 23, 2024 on the terms below (Astana time).
OFFERING TERMS
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Trade date: 23.07.24
Current maturity: 5.6 years (2,024 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: 23.07.24, 15:00
Payment date: 25.07.24
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
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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:
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Trade date: 23.07.24
Current maturity: 5.6 years (2,024 days)
Declared additional offering volume, KZT mln: 20,000.0
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: 25.07.24
Method of execution of limit orders: at prices of limit offset
orders equal to the cut-off
price or those more
favorable for the seller
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BID PARAMETERS AT OFFERING:
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Number of participants: 8
Number of orders submitted (all / active): 30 / 23
including:
– limit: 27 / 21
– market: 3 / 2
Volume of active orders*, mln tenge: 47,201.1
including:
– limit: 38,201.1
– market: 9,000.0
Bid to ask: 95.4 %
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 93.6232
– maximum 94.8967
– weighted average 94.2899 / 94.3347
Yield on orders submitted, % APR (on all / active ones):
– minimum 13.3000
– maximum 13.6500
– weighted average 13.4628 / 13.4536
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* 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 78.9 %,
other institutional investors – for 12.6 %, other legal entities – for 8.5 %.
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BID PARAMETERS AT ADDITIONAL OFFERING:
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Number of participants: 5
Number of orders submitted (all / active): 5 / 5
Volume of active orders*, mln tenge: 29,704.5
Bid to ask: 150.0 %
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* 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 36.7 %, broker-dealer
organizations – for 3.3 %, other institutional investors – for 50.0 %,
other legal entities – for 10.0 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 70,702,010
Volume of orders executed, tenge: 70,005,597,168.5
Number of orders executed: 20
Number of participants, whose orders were executed: 12
Volume of executed orders, % of plan: 141.4
Volume of executed orders, % of the bid: 91.0
"Clean" price in orders executed, % of face value:
– minimum 94.2024
– maximum 94.8967
– weighted average 94.4150
Yield of bonds to maturity for buyer, % APR:
– minimum 13.3000
– maximum 13.4900
– weighted average 13.4307
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In terms of the main categories of investors during the offering, 58.9 %
of the total volume was purchased by banks, 1.4 % – by brokers and dealers,
47.8 % – by other institutional investors, 10.0 % – by other legal entities.
Taking into account the previous placement, the total volume of MEUKAM
KZKD00001251 (MUM072_0015) amounted to 381,705,646 bonds with a
nominal value of 381,705,646,000 tenge.
Settlements for this offering will be carried out according to the T+2 scheme.
MEKAM 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
http://kase.kz/files/mix/newgko.pdf
The Rules of placement of government treasury bonds of the Republic of
Kazakhstan are available at
http://kase.kz/files/normative_base/mekam_placement_eng.pdf
Detailed information on the issue of these bonds is available at
https://kase.kz/en/gsecs/show/MUM072_0015/
[2024-07-23]