/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) today. Below are the bid parameters and results of the special trading session.

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BID PARAMETERS:                                            
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Number of participants:                        6           
Number of orders submitted (all / active):     9 / 9       
including:                                                 
– limit:                                       8 / 8       
– market:                                      1 / 1       
Volume of active orders*, mln tenge:           24,046.4    
including:                                                 
– limit:                                       23,546.4    
– market:                                      500.0       
Bid to ask:                                    119.9 %     
"Clean" price on orders submitted, % of face value         
(on all / on active ones):                                 
– minimum                                      93.6005     
– maximum                                      94.8030     
– weighted average                             93.8163     
Yield on orders submitted, % APR (on all / on active ones):
– minimum                                      13.2000     
– maximum                                      13.5000     
– weighted average                             13.4458     
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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 29.1 %, other institutional investors – for 64.6, other legal entities – for 6.3 %.

OFFERING RESULTS:

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Volume of orders executed, bonds:                   18,986,316      
Volume of orders executed, tenge:                   19,042,340,500.0
Number of orders executed:                          7               
Number of participants, whose orders were executed: 5               
Volume of executed orders, % of plan:               94.9            
Volume of executed orders, % of the bid:            79.2            
"Clean" price in orders executed, % of face value:                  
– minimum                                           93.7995         
– maximum                                           94.8030         
– weighted average                                  93.8617         
Yield of bonds to maturity for buyer, % APR:                        
– minimum                                           13.2000         
– maximum                                           13.4500         
– weighted average                                  13.4342         
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In terms of the main categories of investors, 10.5 % of the total volume was purchased by banks, 81.6 % – by other institutional investors, and 7.9 % – by other legal entities.

Taking into account the previous offering, the total volume of MEUKAM KZKD00001244 (MUM084_0019) amounted to 397,671,844 bonds with a nominal value of 397,671,844,000 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.

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OFFERING TERMS:                                                  
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Trade date:                           03.09.24                   
Current maturity:                     6.5 years (2,329 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:                03.09.24, 15:00            
Payment date:                         05.09.24                   
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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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]