/KASE, June 3, 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 June 3, 2025
on the terms below (Astana time).
OFFERING TERMS
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Trade date: 03.06.25
Current maturity: 2.9 years (1,035 days)
Declared offering volume, mln tenge: 50,000.0
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: 03.06.25, 15:00
Payment date: 05.06.25
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:
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Trade date: 03.06.25
Current maturity: 2.9 years (1,035 days)
Declared additional offering volume, mln tenge: 45,000.0
Trade subject: "clean" price
Market order execution ratio, %: 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: 05.06.25
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: 6
Number of orders submitted (all / active): 12 / 11
including:
– limit: 11 / 10
– market: 1 / 1
Volume of active orders*, mln tenge: 9,452.6
including:
– limit: 8,952.8
– market: 499.8
Bid to ask: 25.0 %
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 74.1810
– maximum 77.0183
– weighted average 74.9849 / 74.9931
Yield on orders submitted, % APR (on all / active ones):
– minimum 15.5000
– maximum 17.1000
– weighted average 16.6372 / 16.6327
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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.
Of the total volume of active orders, banks accounted for 75.9 %, other
institutional investors – for 12.1 %, other legal entities – for 12.0 %.
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BID PARAMETERS AT ADDITIONAL OFFERING:
------------------------------------------------------------ ---------
Number of participants: 3
Number of orders submitted (all / active): 5 / 3
Volume of active orders*, mln tenge: 14,438.9
Bid to ask: 42.2 %
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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, institutional investors accounted for 97.4 %,
other legal entities – for 2.6 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 27,492,763
Volume of orders executed, tenge: 20,892,901,800.8
Number of orders executed: 11
Number of participants, whose orders were executed: 7
Volume of executed orders, % of plan: 55.0
Volume of executed orders, % of the bid: 87.3
"Clean" price in orders executed, % of face value:
– minimum 75.2277
– maximum 77.0183
– weighted average 75.3414
Yield of bonds to maturity for buyer, % APR:
– minimum 15.5000
– maximum 16.5000
– weighted average 16.4386
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In terms of the main categories of investors, 20.0 % of the total volume was
purchased by banks, 72.7 % – by other institutional investors, 7.3 % – by other
legal entities.
Taking into account the previous placement, the total volume of MEUKAM
KZKD00000543 (MUM192_0002) amounted to 483,996,275 bonds with a
nominal value of 483,996,275,000 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/MUM192_0002/
[2025-06-03]