/KASE, September 3, 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 AT OFFERING:                                
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Number of participants:                        9           
Number of orders submitted (all / active):     18 / 18     
including:                                                 
– limit:                                       17 / 17     
– market:                                      1 / 1       
Volume of active orders*, mln tenge:           47,588.2    
including:                                                 
– limit:                                       47,088.2    
– market:                                      500.0       
Bid to ask:                                    173.7 %     
"Clean" price on orders submitted, % of face value         
(on all / on active ones):                                 
– minimum                                      89.2067     
– maximum                                      90.8040     
– weighted average                             90.2226     
Yield on orders submitted, % APR (on all / active ones):   
– minimum                                      13.2000     
– maximum                                      13.7000     
– weighted average                             13.3805     
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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 76.8 %, other institutional investors – for 10.1 %, other legal entities – for 13.1 %.

OFFERING RESULTS:

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Volume of orders executed, bonds:                   26,681,769      
Volume of orders executed, tenge:                   24,408,478,224.8
Number of orders executed:                          10              
Number of participants, whose orders were executed: 5               
Volume of executed orders, % of plan:               88.9            
Volume of executed orders, % of the bid:            51.2            
"Clean" cut-off price, %:                           90.2565         
"Clean" price in orders executed, % of face value:                  
– minimum                                           90.2565         
– maximum                                           90.8040         
– weighted average                                  90.3957         
Yield at cut-off price, % APR:                      13.3700         
Yield of bonds to maturity for buyer, % APR:                        
– minimum                                           13.2000         
– maximum                                           13.3700         
– weighted average                                  13.3267         
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In terms of the main categories of investors during the placement, 71.3 % of the total volume was purchased by banks, 4.1 % – by other institutional investors, 24.6 % – by other legal entities.

Taking into account the earlier offering, the total volume of MEUKAM KZKD00001160 (MUM096_0012) amounted to 388,583,983 bonds for the amount of the face value of KZT388,583,983,000.

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:                                 03.09.24                   
Current maturity:                           4.9 years (1,765 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:                      03.09.24, 15:00            
Payment date:                               05.09.24                   
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

[2024-09-03]