/KASE, April 30, 2024/ – 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
April 30, 2024 on the terms below (Astana time).
OFFERING TERMS
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Trade date: 30.04.24
Current maturity: 8.0 years (2,866 days)
Declared offering volume, mln tenge: 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: 30.04.24, 15:00
Payment date: 30.04.24
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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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: 30.04.24
Current maturity: 8.0 years (2,866 days)
Declared additional offering volume, mln tenge: 25,000.0
Trade subject: "clean" price
Market order execution ratio, %: 0
Order submission method: closed
Order receipt time: 15:30–16:00
Order confirmation time: 15:30–16:00
Cut-off time: before 17:00 (Т+0)
Payment date and time: 30.04.24
Limit orders execution method: 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:
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Number of participants: 5
Number of orders submitted (all / active): 7 / 7
including:
– limit: 6 / 6
– market: 1 / 1
Volume of active orders*, mln tenge: 14,526.9
including:
– limit: 14,026.9
– market: 500.0
Bid to ask: 60.4 %
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 78.6152
– maximum 81.7523
– weighted average 79.8252
Yield on orders submitted, % APR (on all / active ones):
– minimum 12.1500
– maximum 12.9000
– weighted average 12.6054
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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 94.3 %,
other institutional investors – for 5.7 %.
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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: 20,520.2
Bid to ask: 100.0 %
-------------------------------------------------------------
* 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:
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Volume of orders executed, bonds: 27,109,155
Volume of orders executed, tenge: 22,251,441,418.5
Number of orders executed: 4
Number of participants, whose orders were executed: 2
Volume of executed orders, % of plan: 90.4
Volume of executed orders, % of the bid: 62.9
"Clean" price in orders executed, % of face value: 81.7523
Yield of bonds to maturity for buyer, % APR: 12.1500
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According to the data of Central Securities Depository JSC (Almaty), transactions
for the offering of MEUKAM-168 of the third issue (KZKD00000949,
MUM168_0003) were executed by the end of settlements based on the trading
results.
In terms of the main categories of investors during the offering, 4.1 %
of the total volume was purchased by banks, 95.9 % – by other institutional
investors.
Taking into account the previous placement, the total volume of MEUKAM-168 of
the third issue (KZKD00000949, MUM168_0003) amounted to 439,599,195
bonds with a nominal value of 439,599,195,000 tenge.
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/MUM168_0003/
[2024-04-30]