/KASE, January 14, 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 14, 2025 on the terms below (Astana time).
OFFERING TERMS
------------------------------------- ---------------------------------------------
Trade date: 14.01.25
Current maturity: 7.5 years (2,712 days)
Declared offering volume, KZT mln: 50,000.0
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: 14.01.25, 15:00
Payment date: 16.01.25
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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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:
-----------------------------------------------------------------------
Trade date: 14.01.25
Current maturity: 7.5 years (2,712 days)
Declared additional offering volume, KZT mln: 50,000.0
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
Striking time: before 17:00 (Т+0)
Payment date: 16.01.25
Limit orders execution method: at prices of limit offset
orders equal to the
cut-off price or those
more favorable for
the seller
-----------------------------------------------------------------------
-----------------------------------------------------------
BID PARAMETERS AT OFFERING:
---------------------------------------------- ------------
Number of participants: 5
Number of orders submitted (all / active): 10 / 10
including:
– limit: 10 / 10
– market: 0 / 0
Volume of active orders*, mln tenge: 14,163.4
including:
– limit: 14,163.4
– market: 0.0
Bid to ask: 31.5 %
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 84.4221
– maximum 86.1588
– weighted average 85.0348
Yield on orders submitted, % APR (on all / active ones):
– minimum 13.6700
– maximum 14.1000
– weighted average 13.9467
------------------------------------------------------------
* 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 90.4 %,
other institutional investors – for 6.4 %, other legal entities – for 3.2 %.
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BID PARAMETERS AT ADDITIONAL OFFERING:
------------------------------------------------------------- --------------------------
Number of participants: 1
Number of orders submitted (all / active): 1 / 1
Volume of active orders*, mln tenge: 22,788.8
Bid to ask: 50.0 %
------------------------------------------------------------------------------------------
* active orders – orders not annulled by trade participants
at expiry of order submission period including those
confirmed by Confirmation System participants.
The total volume of active orders came from institutional investors.
OFFERING RESULTS:
----------------------------------------------------------------------------------------
Volume of orders executed, bonds: 26,250,000
Volume of orders executed, tenge: 23,928,231,250.0
Number of orders executed: 3
Number of participants, whose orders were executed: 2
Volume of executed orders, % of plan: 52.5
Volume of executed orders, % of the bid: 64.5
"Clean" price in orders executed, % of face value:
– minimum 86.1178
– maximum 86.1588
– weighted average 86.1260
Yield of bonds to maturity for buyer, % APR:
– minimum 13.6700
– maximum 13.6800
– weighted average 13.6799
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In terms of the main categories of investors, 99.0 % of the total volume was
purchased by institutional investors and 1.0 % – by other legal entities.
Taking into account the previous placement, the total volume of MEUKAM
KZKD00001152 (MUM132_0007) amounted to 404,797,024 bonds with a
nominal value of 404,797,024,000 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
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
Detailed information on the issue of these bonds is available at
https://kase.kz/en/gsecs/show/MUM132_0007/
[2025-01-14]