/KASE, August 27, 2024/ – A repeated special trading session for the offering of government long-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEUKAM) was held in the trading system of Kazakhstan Stock Exchange (KASE). Below are the bid parameters and the results of the special trading session.

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BID PARAMETERS:                                             
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Number of participants:                    4                
Number of orders submitted (all / active): 7 / 6            
including:                                                  
– limit:                                   6 / 5            
– market:                                  1 / 1            
Volume of active orders*, mln tenge:       30,357.1         
including:                                                  
– limit:                                   30,257.1         
– market:                                  100.0            
Bid to ask:                                118.4 %          
"Clean" price on orders submitted, % of face value          
(on all / on active ones):                                  
– minimum                                  85.1305          
– maximum                                  86.0679          
– weighted average                         85.4137 / 85.3700
Yield on orders submitted, % APR (on all / active ones):    
– minimum                                  13.1500          
– maximum                                  13.3300          
– weighted average                         13.2753 / 13.2836
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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 0.6 %, other institutional investors – for 70.2 %, other legal entities – for 29.2 %.

OFFERING RESULTS:

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Volume of orders executed, bonds:                   35,509,651      
Volume of orders executed, tenge:                   30,357,128,592.0
Number of orders executed:                          6               
Number of participants, whose orders were executed: 4               
Volume of executed orders, % of plan:               118.4           
Volume of executed orders, % of the bid:            100.0           
"Clean" cut-off price, %:                           85.1305         
"Clean" price in orders executed, % of face value:                  
– minimum                                           85.1305         
– maximum                                           86.0679         
– weighted average                                  85.3700         
Yield at cut-off price, % APR:                      13.3300         
Yield of bonds to maturity for buyer, % APR:                        
– minimum                                           13.1500         
– maximum                                           13.3300         
– weighted average                                  13.2836         
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In terms of the main categories of investors, during the placement, 0.6 % of the total volume was purchased by banks, 70.2 % – by other institutional investors, 29.2 % – by other legal entities.

Taking into account the earlier offering, the total volume of MEUKAM KZKD00001186 (MUM180_0015) amounted to 258,661,650 bonds for the amount of the face value of KZT258,661,650,000.

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.

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OFFERING TERMS:                                                        
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Trade date:                                 27.08.24                   
Current maturity:                           12.0 years (4,318 days)    
Declared offering volume, mln KZT:          30,000.0                   
Trade subject:                              "clean" price              
Market order execution ratio, %:            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:                      27.08.24, 15:00            
Payment date:                               29.08.24                   
Method of execution of limit offset orders: pro rata to amounts        
                                            of offset orders           
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   
Method of execution of market orders:       at weighted average price  
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The Rules of issue, placement, circulation, service and maturity of government treasury obligations 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

Details of the mentioned bond issue are available at see more

[2024-08-27]