/KASE, April 22, 2025/ – A repeated special trading session for the offering of
government short-term treasury bonds of the Ministry of Finance of the
Republic of Kazakhstan (MEKKAM) was held in the trading system of
Kazakhstan Stock Exchange (KASE) today. Below are the parameters of bid and
the results of the special trading session.
-----------------------------------------------------------
BID PARAMETERS:
--------------------------------------------- -------------
Number of participants: 7
Number of orders submitted (all / active): 22 / 22
including:
– limit: 21 / 21
– market: 1 / 1
Volume of active orders*, mln tenge: 79,332.0
including:
– limit: 79,132.0
– market: 200.0
Bid to ask: х4.5 times
Price on orders submitted, % of face value
(on all / on active ones):
– minimum 87.8671
– maximum 89.2595
– weighted average 88.6967
Yield on orders submitted, % APR (on all / on active ones):
– minimum 15.2500
– maximum 17.5000
– weighted average 16.1509
-----------------------------------------------------------
* 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 89.7 %,
broker-dealer organizations – for 0.3 %, other institutional
investors – for 0.3 %, and other legal entities – for 9.7 %.
OFFERING RESULTS:
--------------------------------------------------- ----------------
Volume of orders executed, bonds: 217,960,042
Volume of orders executed, tenge: 19,420,015,180.1
Number of orders executed: 7
Number of participants, whose orders were executed: 3
Volume of executed orders, % of plan: 109.0
Volume of executed orders, % of the bid: 24.4
"Clean" cut-off price, %: 88.9463
"Clean" price in orders executed, % of face value:
– minimum 88.9463
– maximum 89.2595
– weighted average 89.0990
Yield at cut-off price, % APR: 15.7500
Yield of bonds to maturity for buyer, % APR:
– minimum 15.2500
– maximum 15.7500
– weighted average 15.5059
--------------------------------------------------------------------
In terms of the main categories of investors, 91.8 % of the total volume was
purchased by banks, 1.0 % – by other institutional investors, and 7.2 % – by
other legal entities.
Taking into account the previous offering, the total volume of MEKKAM
KZK100000373 (MKM012_0160) amounted to 2,290,672,066 bonds with a
nominal value of 229,067,206,600 tenge.
Settlements for this placement 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.
-----------------------------------------------------------------------
OFFERING TERMS:
------------------------------------------- ---------------------------
Trade date: 22.04.25
Current maturity: 284 days
Declared offering volume, mln KZT: 20,000.0
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: 22.04.25, 15:00
Payment date: 24.04.25
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
-----------------------------------------------------------------------
The Rules of issue, placement, circulation, service and maturity of government
treasury obligations 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
Details of the mentioned bond issue are available at
https://kase.kz/en/investors/gsecs/MKM012_0160
[2025-04-22]