Kazakhstan's Ministry of Finance on August 6 placed 263.8 mln MEKKAM KZK100000357 (MKM012_0158) on KASE at weighted average yield to maturity of 13.20 % APR

06.08.24 18:05
/KASE, August 6, 2024/ – A repeated special trading session for the offering of government short-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEKKAM) was held in the trading system of Kazakhstan Stock Exchange (KASE). Below are the bid parameters and the results of the special trading session. ------------------------------------------------------------ BID PARAMETERS AT OFFERING: ------------------------------------------ ----------------- Number of participants: 7 Number of orders submitted (all / active): 38 / 28 including: – limit: 33 / 24 – market: 5 / 4 Volume of active orders*, mln tenge: 115,927.3 including: – limit: 109,777.3 – market: 6,150.0 Bid to ask: х6.5 times "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 89.1339 – maximum 89.3857 – weighted average 89.2613 / 89.2499 Yield on orders submitted, % APR (on all / active ones): – minimum 13.1500 – maximum 13.5000 – weighted average 13.3235 / 13.3386 ------------------------------------------------------------ * 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 99.9 %, other legal entities – for 0.1 %. OFFERING RESULTS: --------------------------------------------------- ---------------- Volume of orders executed, bonds: 263,832,365 Volume of orders executed, tenge: 23,572,759,231.9 Number of orders executed: 10 Number of participants, whose orders were executed: 2 Volume of executed orders, % of plan: 131.9 Volume of executed orders, % of the bid: 20.3 "Clean" cut-off price, %: 89.3281 "Clean" price in orders executed, % of face value: – minimum 89.3281 – maximum 89.3857 – weighted average 89.3475 Yield at cut-off price, % APR: 13.2300 Yield of bonds to maturity for buyer, % APR: – minimum 13.1500 – maximum 13.2300 – weighted average 13.2023 -------------------------------------------------------------------- In terms of the main categories of investors during the placement, 99.4 % of the total volume was purchased by banks, 0.6 % – by other legal entities. Taking into account the earlier offering, the total volume of MEKKAM KZK100000357 (MKM012_0158) amounted to 1,258,275,720 bonds for the amount of the face value of KZT125,827,572,000. 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. ----------------------------------------------------------------- OFFERING TERMS: ------------------------------------- --------------------------- Trade date: 06.08.24 Current maturity: 332 days Declared offering volume, mln KZT: 20,000.0 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: 06.08.24, 15:00 Payment date: 08.08.24 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 ----------------------------------------------------------------- The Rules of issue, placement, circulation, service and maturity of government treasury obligations 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 Details of the mentioned bond issue are available at https://kase.kz/en/gsecs/show/MKM012_0158/ [2024-08-06]