/KASE, April 26, 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 26, 2024 on the terms below (Astana time).
OFFERING TERMS
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Trade date: 26.04.24
Current maturity: 9.0 years (3,237 days)
Declared offering volume, mln KZT: 30,000.0
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: 26.04.24, 15:00
Payment date: 30.04.24
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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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: 26.04.24
Current maturity: 9.0 years (3,237 days)
Declared additional offering volume, mln KZT: 20,000.0
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 time: before 17:00 (T+0)
Payment date: 30.04.24
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:
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Number of participants: 3
Number of orders submitted (all / active): 4 / 4
including:
– limit: 4 / 4
– market: 0 / 0
Volume of active orders*, mln tenge: 14,356.7
including:
– limit: 14,356.7
– market: 0.0
Bid to ask: 60.0 %
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 78.4519
– maximum 80.4654
– weighted average 79.5950
Yield on orders submitted, % APR (on all / active ones):
– minimum 12.1500
– maximum 12.6000
– weighted average 12.3418
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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 43.8 %,
other institutional investors – for 56.2 %.
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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: 1,000.0
Bid to ask: 6.2 %
-----------------------------------------------------
* active orders – orders not annulled by trade participants
at expiry of order submission period including those
confirmed by Confirmation System participants.
The entire volume of active orders came from institutional investors.
OFFERING RESULTS:
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Volume of orders executed, bonds: 11,240,234
Volume of orders executed, tenge: 9,062,989,434.0
Number of orders executed: 2
Number of participants, whose orders were executed: 2
Volume of executed orders, % of plan: 37.5
Volume of executed orders, % of the bid: 58.4
"Clean" price in orders executed, % of face value: 80.4654
Yield of bonds to maturity for buyer, % APR: 12.1500
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Taking into account the earlier offering, the total volume of MEUKAM-180 of the
14th issue (KZKD00000956, MUM180_0014) amounted to 371,685,234 bonds
for the amount of the face value of KZT371,685,234,000.
Settlements for this offering will be carried out according to the T+2 scheme.
MEUKAM 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/MUM180_0014/
[2024-04-26]