Kazakhstan's Ministry of Finance on January 8 placed 64.8 mln MEUKAM KZKD00000444 (MUM180_0004) on KASE at weighted average yield to maturity of 13.73 % APR
/KASE, January 8, 2025/ – 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 January 8, 2025 on the terms below (Astana time).
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OFFERING TERMS
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Trade date: 08.01.25
Current maturity: 1.6 years (580 days)
Declared offering volume, mln tenge: 60,000.0
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: 08.01:25, 15:00
Payment date: 10.01.25
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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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: 08.01.25
Current maturity: 1.6 years (580 days)
Declared additional offering volume, mln tenge: 25,000.0
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 date and time: before 17:00 (Т+0)
Payment date: 10.01.25
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:
------------------------------------------ ----------------- Number of participants: 10 Number of orders submitted (all / active): 57 / 46 including: – limit: 55 / 44 – market: 2 / 2 Volume of active orders*, mln tenge: 174,626.8 including: – limit: 164,626.8 – market: 10,000.0 Bid to ask: х3.2 times "Clean" price on orders submitted, % of face value (on all / on active ones): – minimum 86.9385 – maximum 89.6408 / 89.1394 – weighted average 88.1697 / 88.0944 Yield on orders submitted, % APR (on all / active ones): – minimum 13.0000 / 13.4000 – maximum 15.2000 – weighted average 14.1861 / 14.2450 ------------------------------------------------------------ * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants.
Of the total volume of active orders, banks accounted for 97.2 %, broker-dealer organizations – for 0.3 %, other legal entities – for 2.5 %.
BID PARAMETERS AT ADDITIONAL OFFERING:
--------------------------------------------------- ---------------- Number of participants: 3 Number of orders submitted (all / active): 4 / 3 Volume of active orders*, mln tenge: 18,880.1 Bid to ask: 83.1 % --------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants.
Of the total volume of active orders, banks accounted for 96.3 %, while other legal entities accounted for 3.7 %.
OFFERING RESULTS:
-------------------------------------------------------------------- Volume of orders executed, bonds: 64,771,119 Volume of orders executed, tenge: 58,877,226,042.6 Number of orders executed: 13 Number of participants, whose orders were executed: 5 Volume of executed orders, % of plan: 108.0 Volume of executed orders, % of the bid: 30.2 "Clean" price in orders executed, % of face value: – minimum 88.5807 – maximum 89.1394 – weighted average 88.7310 Yield of bonds to maturity for buyer, % APR: – minimum 13.4000 – maximum 13.8500 – weighted average 13.7292 --------------------------------------------------------------------
In terms of the main categories of investors, 98.8 % of the total volume was purchased by banks and 1.2 % – by other legal entities.
Taking into account the previous placement, the total volume of MEUKAM KZKD00000444 (MUM180_0004) amounted to 131,771,119 bonds with a nominal value of 131,771,119,000 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 see more
The Rules of placement of government treasury bonds of the Republic of Kazakhstan are available at see more
Detailed information on the issue of these bonds is available at see more
[2025-01-08]